BTC - not convinced that we have capitulated

Here is another stab at BTC capitulation. Two scenarios, either no mercy drop or a bit prolonged one with more traps. Either way I am still expecting some more downside for now. After that sky is the limit.

註釋

Food for thought, if this area becomes resistance, is going down fast.

註釋

Here we see where we are. Todays weekly close is crucial!

註釋

Strong rejection, next 12h are crucial for bulls, still bearish, going according to plan for now

註釋

Still on track, we could and would be best if we retest the downtrend line which is right now at $7585 and then head back down... Trend is down until we turn

註釋

Insane stop hunt yesterday but was expected although not that hugh to be frank. Still on point, we could break down in next 36h

註釋

Sorry wasn't able to update, but plan is the same and still in SHORT.

註釋

We could scam wick back to 7200 and crash right after. Careful.

註釋

Shorts are low and longs are high, time to trap some longs? Indecision and people are scared to buy and scared to short. Pull the rug and down we go?

註釋

This means that even if we pump 8350 could be a harsh reversal and down move is inevitable

註釋

Added

註釋

Survive this final capitulation drop and we start to enter the bull market

註釋

Sorry for not updating

Turns out this was the bottom reversal, although I dont trust this to be THE bottom...

Here is current status, updates in the new thread