Bitcoin... we have a decision.
Chase the break or is it fake?

Watching the 15min we have breakout potential the question is, is all the potential gone?
Were we just flushing out all the 100x leverage shorters out there?
We're once again in an important rotation zone.
On the 1 hour there is not enough momentum for a change in the daily bear scenario.
If we break out here longs are to be considered. However, a send south puts us right back into a 1 way street to 10k.
The 15min

The 1min

You see the one minute has rotated at a crucial point at the 15 min, which will rotate at a crucial point on the 1 hour....
Up, or down?

Chase the break or is it fake?
Watching the 15min we have breakout potential the question is, is all the potential gone?
Were we just flushing out all the 100x leverage shorters out there?
We're once again in an important rotation zone.
On the 1 hour there is not enough momentum for a change in the daily bear scenario.
If we break out here longs are to be considered. However, a send south puts us right back into a 1 way street to 10k.
The 15min
The 1min
You see the one minute has rotated at a crucial point at the 15 min, which will rotate at a crucial point on the 1 hour....
Up, or down?
註釋
Price can keep increasing, but if it doesn't break the momentum shift downward, we're going to break the 21 ema and the trend will change:The 15 minute is *almost* at that point, that means in a few hours we can retest and even push 33,700, but if it doesn't hold, we're going down momentum wise on just about every time frame.
GOOD LUCK BULLS!
註釋
zooming out, 4hr註釋
Alright, good show. Bitcoin hasn't done anything too solid yet since these moves are taking a long time for price to swing. If bitcoin moved in this range earlier, it would be clearly bullish.the 5 min attempted a bounce off the 21 ema, now we could start correcting again on the 5 min, so keep your eyes open.
註釋
" If the bulls can move up to 34,400 and hold, they have a chance at increasing the momentum on the 15 min."Alright, so here we are. The 1hr is showing a potential momentum shift down, the 15minute is showing a potential shift down.
Now, the problem with 34,400 price is the timeframe, it wasn't as stong as the lat push, and the rsi is leading the price, and could bring price back down.
1hr:
15min:
Looking for the restest of the 15min 21ema
註釋
I'm so bearish because of the big picture.They say DCA is the best strat, so why dont you DCA every trade?
I start with the large time frames and get a general trend, then use that to determine where the lower time frames should be headed, we're trending down on the daily, 4 hour, the 1 hour had a bounce, but it's not enough to buck the trend, which means a selling opportunity to the bottom of the range, and if it breaks, to very low levels. The 15 is a decent TF to watch, it gives a little heads up to what the 1hr is doing, which marks the tops and bottoms the best. When the 1hr is exhausted you get trend changes on the 4 hour if it's near exhaustion you get major trend changes, otherwise you get interm trend bounces/moves.
The 1 min gives a nod to the 15 and the 5 can help clarify volatility on the 1 min.
Huge moves can come unexpected, but they have to carry some serious momentum, larger than previous pushes to do anything but dead cat bounce.
You could try to day trade those levels, but that means a lot of in and out and choppy rotation zones are there to stop you out.
So I am happy selling these higher price levels till price shows some strength.
IE start selling a little knowing price is moving against me, and then when we get a second momentum shift/confirmation over a larger time frame, up the ante. This is how I nailed the 60k top. We could possibly be correcting on a smaller wave cycle and perhaps 100k-124k is the next target. However if this is a wave 4, then it could easily hit 13k at the top of wave one and still be valid to go back to 100K+
We're atleast likely to return to the initial zone we're selling at before a big move up pushes the momentum to new highs (momentum not price) we could hit 36-39k before the big push down as well.
Just look at 2017's bearish structure, we're down on the weekly rsi and we're below the 21 day ema.
this is bearish, and the H&S that bitcoin likes to typically fake out might actually print on the daily. on log this means a big move. with the equal distance log wise from 30k to 60k is right around 17.5-19k.
Good luck trading
This is not finacial advice.
註釋
So the 15 is starting to trend down, we'll see if bulls can bounce up after crossing the 21 ema, right now we're sitting under and the trend is possibly reversing down.Now, if we get the down move, the next bounce (if there's a bounce) will potentially take us to 35-36k using the 1 hour keltner channel for those targets.
That is the last chance for the bulls to stop the large movement down.
If it can't bounce and stop a larger down trend from forming on higher timeframes, then I will stay bearish. A move down to 33,200 zone, a retest is likely, after that we'll have to see if bitcoin choose the bear or bull.
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