flyingpluto7

flyingpluto7

If the protected low is respected and get a perfect bounce in between of the range I''ll look for a long position on these green boxes to 35k Of course all of these still depends on volumes and price action

flyingpluto7

If we get some ST confirmation of my BC plus UT follow up plus UT - UTAD confirmation I will look for a 32k-ish short position and 29k-28k TP The SL is +200/+350 depends on the price action

flyingpluto7

Potential short term bearish scenar io: * A potential diamond pattern could playout in 3-7 hours from now. * Last 2 Mondays are dumps Aug 23&30 (asia) tomorrow is monday soo... Not a financial advise do your own research and TA.

flyingpluto7

** BTC Inverse chart perspective * Volume is slightly going up in shorter time frames, expect lower levels in 2-3 hours.

flyingpluto7

** BTC Inverse chart perspective From inverse chart perspective looks like we're creating a broadening wedge to the downside.

flyingpluto7

* Base from how I draw my charts, BTC already broke its rising wedge pattern since July 21. * We are high in MACD and oversold in RSI. * Multiple bearish divergences in RSI, MACD and other indicators. * Decreasing volume in daily, meaning less and less traders are opening (L/S) positions each day. * No significant corrections happened yet just like how corrections...

flyingpluto7

If BTC successfully breaks to the downside we are straight to 46.3k levels again and a potential bigger retracement to 43-43k.

flyingpluto7 Updated 

* If BTC were to break down this rising wedge pattern these are support levels to look out... 48.8k, 45.8k, 39.8k, 31.6k * Prices might reach 52k this week, but my chart tells me 53-54k is not possible unless we get a healthy correction to support 3 or between 2 and 3 (or $500M whale pumps). Support 4 - 48,800 (not as strong as 1-3) Support 3 - 45,800 Support 2 -...

flyingpluto7

A potential diamond pattern dump might occur in 15m chart

flyingpluto7

Since July 30 Daily RSI * Forms multiple bearish divergences * Hasn't gone down below 60% * IMO there's a 30% chance a third, three leg down pattern might unfold in the next two days. MACD * Hidden bearish formed in signal line (July 31, August 9, August 14) * LL July 30 and August 9 (buy side) * Micro Bearish divergence (sell side) We might or might not...

flyingpluto7

* Leg down in daily RSI = potential break to the downside out of rising wedge * Multiple bearish divergence in daily RSI since 29.5k-42.2k rally * Asian weekend

flyingpluto7

* 4H RSI reached my bearish resistance * Could be the last leg of an ewave and then correction to leg 1 or leg 2 * Saturday morning in Asia, weekend sideways.

flyingpluto7

In my opinion the most recent dump from 46.7k to 43.9k is the start of the fifth leg to 48.2k. From here we might go back to 40k-41k.