bitcoin update

Diupdate

this is my bitcoin idea where i still expect more upside but would trade based on reaction at resistance. at the moment we are still making bullish market structure, going below 60k would make it more bearish

Catatan

bitcoin keeps grinding down, without clear wave B(short squeeze). 69k is a sell for me and I still want to see the golden trendline hold as support preferably breaching it as a fakeout to trap more bears

Catatan

Fibonacci time tells me the move is likely to happen today-Friday latest

Catatan

selling volume going down on this drop

Catatan

but longs are going crazy, makes me think we will take the lows here again

Catatan

we backtested the channel into resistance, as long as we are below 62500 we are going down most likely around 44-52k, check my previous trading idea uploaded

Trader_Polo

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