BTCUSD
1WTF Macro retest and breakdown more specified with additional thoughts
This is how I expect the retest shown earlier to take place:
- Bear Flag on the weekly
- Bear Flag on the daily
- Based on structure, the retest will be up into the region of 27.58-28k
- See the top in 2022 as an example
Some thoughts :
- if I get a good S opp. in that region I’ll enter
- 30k region is out of scope for the next months
- I’m still expecting deep downside movements
- a new lower low is likely
- DCA below 19k and mostly not trade till then
- Bullish above 33k
This is how I expect the retest shown earlier to take place:
- Bear Flag on the weekly
- Bear Flag on the daily
- Based on structure, the retest will be up into the region of 27.58-28k
- See the top in 2022 as an example
Some thoughts :
- if I get a good S opp. in that region I’ll enter
- 30k region is out of scope for the next months
- I’m still expecting deep downside movements
- a new lower low is likely
- DCA below 19k and mostly not trade till then
- Bullish above 33k