We reached a very critical stage for this range and very soon there will be a resolution, but which way? The massive pump on Sunday certainly was very scammy and feels like an exit pump.
Shark pattern into 5-0 play should take the price to .5fib of CD and then reverse.
At the moment PA is really weak and seems to be in a potential continuation diamond pattern, but there is a good chance that we do get a slight recovery to take the stops before heading down big. If we do breakout above 32.25 then this could play out. XA had a perfect 1.13 extension which gives this a good potential to reach the targets. Target 1 of...
I expect a bounce to the resistance channel at 33.8/34 area after CME/day close. This can be a very good short opportunity if you are not already short.
Not taking this trade, but I expect this.
Next short stop @ .786 fib if it hits
Daily RSI has been spot on until now with the tops, we shouldn't see 36k again until the bottom is seen.
I have every reason to believe we are going to crash after month close today. If my count is right and the fall from 41k to 28 is just wave 1, then we are going to see a massive crash to minimum 19/20k, otherwise if this just a final wave 5 then we could end at 25/24k. I am more lining with the first outcome.
I see this as wave 1 of higher degree wave 3 south. There is a slight chance that it could reverse at 31.5 but i would give more weight to BTC crashing into 20's after a small ABC correction.
There is a great bit of confluence here, aiming for a monthly close should take us here in the next day but I expect it to at least retreat from here if not a final high for this run.
BTC is on the move now with its C wave, I currently see it being in sub-wave 2 correction, expect a swift rise to 38.5/39k
How i see BTC sailing through before it drowns to death.
Not sure since ST in phase 1 dipped below SC which could mean there is further downside, but since i am developing a liking for wyckoff, here it is.