W and wedge pattern bullish reversal bottom?

10 thg 12, 2021

Possible bottom with a W pattern reversal and wedge breakout back to the ~$55k level of the breakdown point of this flash crash. C.f. also all the updates on my prior idea which is linked below this idea.

10 thg 12, 2021

Ghi chú

Dao Khanh, {12/10/21 7:37 AM}
ADA and DOT both are still my favourite.

Shelby Moore, {12/10/21 7:47 AM}
{In reply to Dao Khanh}
Until I release my altcoin. 😉😜🚀

12 thg 12, 2021

Ghi chú

I see more downside.

12 thg 12, 2021

Ghi chú

BTC shorts bottomed and increasing again.



Stock markets have bearish gaps that need to be backfilled this week.

12 thg 12, 2021

Ghi chú

Nasdaq / S&P 500 needs to come down more. That’s more risk off movement, which is short-term bearish for Bitcoin.

12 thg 12, 2021

Ghi chú

Downside range is ~$42.5 – $45k. Upside is $50.2k before downside is invalidated.

12 thg 12, 2021

Ghi chú

Exceeded the upside range. Looks like a W pattern breakout headed to $53 – 54k.

12 thg 12, 2021

Ghi chú

Unclear if backtesting the posited top of W which has numerous possible necklines or if need backtest the huge wedge, which projects up to $58k. In any case, I no longer think there will be a drop below $48k again.

13 thg 12, 2021

Ghi chú

BTCSHORTS headed back down again. Is it headed to a lower low or just a flag before heading higher?