BTC , did we hit the 30% correction or are in a a bear flag

Diupdate

last bull run cycle, the correction will be 30% that we have heat.

we bellow the 21ema daily that is the yellow line
we are in a bear flag but bouncing up
I have 3 resistance that we got rejected yesterday been having this resistance for a while.

are we done with the correction or we will get a long final dump , to 21 ema weekly

Catatan

last 2017 correction around 30% each

Catatan

this correction

Catatan

yesterday candle quite bear to me .

Catatan

monthly has a big wick, similar to last correction

Catatan

in the 4h is a retest of a broken resistance

Catatan

in the 1hr time frame bulls are trinying a double bottom

Catatan

death cross in the 4h

Catatan

figthing the previous support know resitence, and the red curve resistance.

Catatan

if we break this curve red resistance it has meaning we been fitting it since beginning of correction.

Catatan

so we broke both resistance, and the daily 21 ema , I think the two yellow curves I been growing as a double bottom are been confirm. it could be a false breakout, but as I said before breaking the red curve had meaning

Catatan

we found a resistence and now where are testing the resistance that has converted in support , ideally it will hold and bounce back, but something is off, for know less get the confirmation this is now a support.

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this is the end of the idea, at the end bulls fought back and manage to create a double bottom.

I closed a short I had from 37k , one time we cross back the blue line .so small profit.

luissjp

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