Same move different direction

uchar1の投稿

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Seems like we are repeating the same pattern that moves us up from 38500 to 73k but this time in the reverse order

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Copying same fractal but making it upside down , seems like we are going down for next 10-15 days

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Monthly uptrend and fib levels are also around 48k , we are probably heading toward 45-48k in the next 2 weeks and then we may see a new range forming there

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If it puts two legs with the same ratio before the end of the move we will probably see 47k. Everything in alignment to touch 48k

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Daily M pattern can also take us back to 47k

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bottom of 4h trend line will also be at 48k in next 12days

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Price cant move above previous daily range lows at 56500, Entering a short position here with stop loss above the daily moving average at 58k

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price also making a descending broadening wedge which is extremely bullish, guess what? the lower line in the next 2 weeks will also be around 48k, by bouncing from that we will have a 95 targets in the next couple of months

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Next horizontal support from prev range is also between 47-50k

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The next probable bounce area for the weekly chart is SMA 50 at 47.5k or EMA 50 at 51.5k

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Retesting the last daily trend line that connects 28k to 38.5k, I will close my short trade if the daily closes above this line.

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nice, rejection happened at daily 200 SMA, EMA, and the previously mentioned trend line from 28500, now if it successfully goes below 56500 we can expect a highway toward 48k

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a nice weekly close below 56k, but if the fractal is working, and a Similar move happens we might see some sort of short squeeze soon before going down ( today or tomorrow)