Bitcoin - Breakdown coming

2023年7月21日

We are one month into this price range without any resolve.

Rectangles typically break upwards. We did have a breakout but ended in a false break.

Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.

IMO breakdown is coming within the next few days.

2023年7月24日

註釋

Now to see if the breakout holds.

2023年8月9日

註釋

Corrective wave ABC looks completed. Last chance to short IMO.

2023年8月9日

註釋

Daily Chart rejection.

2023年8月17日

註釋

Wave 3 / C is action.

Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.

2023年8月30日

註釋

We should be in Wave 4 now. No change to target. Invalidation above 28.6k.