比特币做多
$BTC Bitcoin - Bearish Bat incoming?
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Without a higher high this would confirm distribution for me. Id be looking for a pull back, and if we get a nice reaction at the .886 retracement, id be confident in the completion of this Bearish Bat, even if it meant a lower high and continuation of an ABC to the 1.272 retracement below the current range. This wouldnt be ideal, and would prolong this kangaroo price action. It would imply a lack of strength and further distribution as well and would make me nervous about declining interest in the space and further losses from retail which would amplify this.
This scenario would be invalidated with a break and successful backtest of the range or 55ema and continuation. A failure there would imply short term weakness, or a broader bearish continuation. We are still below the 55 on the 4hr, but we are about it here, as well as the MFI which is bullish so long as it remains that way.
We do have a lot of liquidation points about this range from short sellers, and i think another attempt at the lows, may reengage their comfort and possibly lead to heavier leveraged positions, or previously liquidated positions reentering to capture their losses. A higher high fake here could also trap the bulls while hitting some of the short stops and liquidation points before making a run for the lows.
Levels of interest for a Gartley or Shark, and imbalances that may be revisited on a correction are outlined with the circles at the local 1.272 and 1.618 extensions of this subwave.
Im keeping an eye on traditional markets as well for strength or the lack there of.
(This is still a higher high, and a higher low on the weekly, which would imply bullish continuation until otherwise invalidated. Its important to remember this, Wallstreet is looking at this whole weekly structure as a parallel channel which would imply this move down from 69 could be the ABC wave of an ABCD, opening the door the a minimum of a 1.13-1.272 extension of our high to lows)
This scenario would be invalidated with a break and successful backtest of the range or 55ema and continuation. A failure there would imply short term weakness, or a broader bearish continuation. We are still below the 55 on the 4hr, but we are about it here, as well as the MFI which is bullish so long as it remains that way.
We do have a lot of liquidation points about this range from short sellers, and i think another attempt at the lows, may reengage their comfort and possibly lead to heavier leveraged positions, or previously liquidated positions reentering to capture their losses. A higher high fake here could also trap the bulls while hitting some of the short stops and liquidation points before making a run for the lows.
Levels of interest for a Gartley or Shark, and imbalances that may be revisited on a correction are outlined with the circles at the local 1.272 and 1.618 extensions of this subwave.
Im keeping an eye on traditional markets as well for strength or the lack there of.
(This is still a higher high, and a higher low on the weekly, which would imply bullish continuation until otherwise invalidated. Its important to remember this, Wallstreet is looking at this whole weekly structure as a parallel channel which would imply this move down from 69 could be the ABC wave of an ABCD, opening the door the a minimum of a 1.13-1.272 extension of our high to lows)
注释
In the case of the alts, if BTC confirms distribution to market participants, this would be an alt rally to sell, and set limits up lower at important levels of support or interest, not advice just a strategy ive been using with great success.
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