BTC 8k-7k soon?

24 Agu 2019Bulls are too tired?

We are currently inside a correction period since 2 months already.
A few days ago I've opened a LONG position at 10k to catching up the next bull rally....but it was a dissapointing for me: we even can't touch the resistance line.... I've closed with trailing stop profit, but anyway I didn't expected so weak market-move.

OMG - Unfilled resistance range? Bulls must be too tired....




There are many charts to prove: there is a lot of FIAT coming into stable coins every day. So where are the buypower of bulls?

10k entry not so good enought?

We saw many possibilities to entering market in "discount" price
10k range - at least 3 times
9k range - at least 3-4 days!




But this was definetly not enougth, because we didn't saw any harde buypower yet!


Bearflag forming in many shapes

People are familiar with bullflags: only ascending triangles. We all are looking for these ascending triangle patterns over the permabull-exponential runs!
So must see: we have an inverse ascending triangle here forming: a descending bear triangle.
To making easier for you - I'm inverting the current chart.


As you see there is another channel, drawed by me also about a month ago....


CONCLUSION
This month was a bear - bull fight inside some kennel or a playground - inside the triangle.
This war will won the less tired side.
In this case I see a very-very tired bull side, and a very fresh (money filled) bear side.

Will we go into 7-8k? Mutch more chance to this, than going into 20k from here today.

Thank GOD, I still have a small part of my 12k short position....
Looking for longs only after proving bulls a very strong fresh move.