isacki

isacki

Fallen short of uptrend, fighting to break downtrend. Bouncing off .786 fib retracement - needs to break it to resume uptrend. The 4H 200 and 50 EMAs block its way too. The 20 is coming up. Time is running out. Only supported by 30m MAs. Now or never in the next 2-3 hours - just as London opens.

isacki

Long term outlook is bearish imo, but there may be a medium term bounce off 10k with the descending broadening triangle. Confirmed volume is increasing at end of triangle, MACD is about to cross upwards and RSI is getting close to the 20 that signals end of downtrend.

isacki

Downwards channel on 1h chart. On higher timeframes, rejected twice from 11800 now. If it makes the downtrend point 11500 it could avert capitulation. It would need to go one better and break 11800 to resume bullish run. Would have to think it’s looking bearish on HTF, question is when to short. Is 11500 too early?

isacki

Every damn time. Long now. Short before bubble pops

isacki

Yep.