BTC bear/correction scenarios (short term)

2018年5月6日

Currently looking like we are in a wave 4.
So thinking one more leg down.

2018年5月7日

註釋

Forgot to add this note to the chart.
If price passes 618 at 9700 by much, count is invalidated.
But watching for a spike above to raid stops, then down to wave 5.

2018年5月7日

註釋

Maybe like this:

2018年5月7日

註釋

Adjusted my first possible buy zone, 9211 - 9251

2018年5月7日

註釋

Better range 9185 - 9211

2018年5月7日

註釋

Just noticed the brand new weekly M3 pivot (purple)
9200 looking really really good now.

2018年5月7日

註釋

Oops typo for the number .
New Pivot is at 9215

2018年5月7日

註釋

At the moment of truth.
or is it Point of No Return :(
1st small limit buy triggered.
I am stacking them closer to 9200

2018年5月7日

註釋

Decent bounce but not very convincing... yet.....

2018年5月7日

註釋

Bounce looking better.
Now I need it to take the GREEN Pill.

2018年5月7日

註釋

Need to get past 9400 to rule out double bottom attempt

2018年5月7日

註釋

I am thinking double bottom around 9200

2018年5月7日

註釋

This still looks like a wave 4 down to me.
But from how it is behaving, I think wave 5 will NOT be much lower.

2018年5月7日

註釋

Looking good.
Getting past 9400 was crucial.
Now just need to hold it without dropping much below it.

2018年5月8日

註釋

Looks to me like correct OVA.
Back on the 10.4k Highway!!

2018年5月8日

註釋

These pull back scalps were part of my bigger plan:

2018年5月8日

註釋

Thinking we might see one more test of 9k.
If it holds, momentum might turn around.
If it breaks, look out below.

2018年5月8日

註釋

Approaching critical price zone

2018年5月9日

註釋

Looks like rejection where expected.
So maybe wave 4 is done now and wave 5 has begun.
If so, 9k will be tested and that will be the critical moment.

2018年5月9日

註釋

.
Micro Fib points to double bottom, so maybe we wont go as low as 9k per above:

2018年5月9日

註釋

Fibs still say possible double bottom above 9k.
BUT and interesting observation of this latest wave playing the .236 note.

2018年5月9日

註釋

So much for that micro bounce above.
Now the question real bounce or not.


I am not convinced. The lack of any speed bumps to break 9k was a bad sign

2018年5月9日

註釋

The green zone around 9k did pick up a bunch of my limit longs, and an now managing stops. If we get past 9060 and hold, then I will be less concerned.

2018年5月9日

註釋

BTC bounce at a critical juncture, and the Nikkei just took a little dip. not a good sign.... (nikkei and btc have been positively correlated tonight)

2018年5月9日

註釋

My Fibs are pointing to one more dip, 8850 maybe

2018年5月11日

註釋

Last Chance for a bounce, maybe this ABC is done, picture perfect if it happens:

2018年5月11日

註釋

Have found a bottom?