Two Scenarios, One Ending

24 Sep 2022

Be careful if you've opened a long position. The BTC chart is looking pretty bearish right now on higher and lower time frames, which means almost every other coin/token is probably about to look bearish as well.

24 Sep 2022

Catatan

The price is currently following the more bearish scenario. It isn't able to break through the white resistance line.

24 Sep 2022

Catatan

The price has broken through the white line and has bounced off it. However, the move wasn't a high volume one, so I would be cautious. The price is evolving inside two symmetrical triangles: the large one drawn on the chart, and a smaller one which should be coming to a conclusion in the next couple of hours.

24 Sep 2022

Catatan

As expected, low volume oblige, price went right through the lower line of the smaller symmetrical triangle and found support at the larger symmetrical triangle's lower line. But this support is weak. I don't expect it to hold the price. The white resistance line is back in the game. We managed to get above it again, but it's also pretty weak as a support. If we're looking for stronger support, we could find it around price point $18,200. If that one doesn't hold either, we might go straight to $17,600.

24 Sep 2022

Catatan

We're desperately trying to get back to $19,100, creating a small bear flag in the process. If the price falls in the very near future, it might bounce off those levels: $18,750, $18,500, and $18,200.

26 Sep 2022

Catatan

This feels like a sell-off is imminent. Same price action as last weekend. There's a high chance we're going to $17,600 the next time the price touches the thin descending white line.

28 Sep 2022

Catatan

Okay, it might actually be scenario #2 with a 48h delay. Or it might not. Guess we'll see in the next couple of days.