BTC - Range between 25K & 31k ?

21 Jun 2023

BTC did a very nice rebound from this 0.618 fib
- breaking 200MA 4H
- making a higher high

those 25K constitues a great support also because of the double top that happened before at this level.

Whats next ?
- I don't expect BTC to go under this fib for the next weeks, maybe a retest of 200MA 1D tho
- My theory since several posts is that we pass this blue circle without breaking 31k, between end July and January, then just enjoy the ride

23 Jun 2023

Catatan

I took some profits here but I'll not be surprised if this resistance, and therefore my idea break before end July

5 Jul 2023

Catatan

Seems like for now, BTC didn't manage to break those lines - as expected -
we're still in the banner tho, a proper correction below 297XX would mean that we stay in the 25k-31k range for several weeks or months ?

11 Jul 2023

Catatan

Another attempt to break those lines yesterday night,
we are now at the area where the fib line cross the upper line of the downtrend channel
its just a matter of time for 34K and 40K

13 Jul 2023

Catatan

We are at this level since 3 weeks now, it quite reminds me those bart moves 8 years ago
The longer we stay in this area, the more I think we're gonna see a dump before going up
Have a look on July 2015 & 2019 if you want to have an idea, context may not be the same tho

I took some profits to take the risk of keeping a lot of liquidity available for this dump

17 Jul 2023

Catatan

I'll need a close below 200MA in the 4H or a daily close below ~29800 to confirm a breakout and more downside moves
I'm buying some rn and will close the green positions if we can see another decent dump.
For now we are still in that rectangle zone of non decision
Waiting and watching.
Cheers