Monaco85

Monaco85

As you can see on my last Post from August. The scenario is still activ. The yellow downtrend line seems to have passed. After two outbreaks on the top, the lower trendline of the wedge will probably be interesting again. Whether this holds this time it remains to be seen.

Monaco85

A possible recovery I see in the range of 6150 and 6300 dollars. However, we are back in the falling wedge and the bears are in control of the course. I expect further falling courses.

Monaco85

what a bullish candle. Very nice. Now a retracement is possible if the bulls are still active we will see possibly the 38 Fibo retracement... This will be a test for the neckline of the inverse Head and shoulders. Inverse Head&Shoulders will be tested at neckline mostly.

Monaco85

I see a long chance now at the horizontal Support at 6288 Dollar together with die 50 Fibonacci retracement. I think this will hold, if not the second chance is at 61 Fibonacci. These are my 2 bullish scenarios. If both supports fall, i think we will see the 5xxx Dollar again.

Monaco85

Bitcoin tested the trendchannel from below, my scenario with the highest probability is that we test the 50 Fibonacci retracement together with the Daily Support at 6288 Dollar.

Monaco85

Bitcoin tryed to breakthough this triangle. A triangle is a continuation pattern. So the probability is higher to leave this triangle long.

Monaco85

H1 Chart got a failure breakthrough bottom which was bought back very quickly. But the flag (bearflag) is still aktiv. So we have to take care with our next turns. Maybe a small position for breakout is possible. If u watch H4 the Bearflag is also forming... As you can see, we need the double volume for the green flag that for the red flag. thats not really bullish.

Monaco85

The course tried to recover. But now lost the volume after this candle. It looks like the next bulltrap will be formed.

Monaco85

On the Daily Chart it looks like the next Bearflag is forming. Possible that we will se 6300 Dollar and then leave the flag bottom. Second Scenario is that this is really the bottom, and we can grow from there. But i think we need to go down and come back with a big pullback to get the 6300 and then 6800. For this Bulltrap the Range would bring us to 5804 Dollar.

Monaco85

Well my scenario shows the next bearish flag with potential for my target. I think this blue trendline will cause a reaction. More analysis. t.me

Monaco85

H1 builds a falling triangle with the range to 6990 dollar, where we can find support.

Monaco85

After recovery up to 7500 , these are my next two targets. If the first doesn't hold im confident that the second gives support on the blue trendline. for more TA's join our telegram channel t.me