Tripple Doji showdown on the way - break up or break down

Tripple Doji showdown on the way

Commento:

indicates a break up or break down

Commento:

But BTC knows Kung-Fu so expect the unexpected .

Commento:

11500 coming up shortly.

Commento:

nope looks more like a break out ,

Commento:

nope break down

Commento:

the dojis are doing their job

Commento:

but this drop is just to make the handle for the 17k run

Commento:

Commento:

has to drop to make the shoulder/cup handle to go to 17k

Commento:

The dojis are not done yet

Commento:

They should drop to 11k

Commento:

3 black crows on the 15 minute candle signaling BTC is going lower to the 10 area

Commento:

doent look like a bull trap , BTC just has to drop a bit to get ready for 17k

Commento:

11228 should stop BTC dropping for a while

Commento:

mmmh blew right through that one ..

Commento:

Next stop 10700

Commento:

BTC being BTC will try to get back to 11228 , but the cup handle is lower so i suspect we need to see at least 10700

Commento:

I wouldnt trust that 11228 comeback

Commento:

because in 12 minutes the 4 hour candle will close and drop another red candle

Commento:

Candle # 2 coming up in 30 seconds

Commento:

This candle is doing a lot of damage

Commento:

I would only be concerned if BTC goes past 93xx as it has no business in this area at this time

Commento:

if BTC goes past 10700 it could go to 9.4k - but there is another stop at 10200

Commento:

its moving bit too fast for my liking

Commento:

Another red candle will be placed for the 30 minute candle in 10 minutes.

Commento:

New 30 min candle coming up in 30 seconds

Commento:

The main candle to watch is the 12 hour , its been well behaved so far , but a MACD cross on this candle can mean a big drop . Luckily it moves in 12 hour increments so it can reverse move back upwards in this time,

Commento:

This graphs is a day old but BTC could land here at 10700

Commento:

we may be done here as BTC hit close to 108xx - we can find out in 10 minutes when the 1 hour drops its next candle and BTC moves up instead of down

Commento:

Here comes the 1 hour candle in 30 seconds .

Commento:

im still bearish currently as the 4 hour candle drops in 4 hour increments and can another red candle again in 2 hours time when its time is up .

Also BTC could just be doing a resistance run to 1122x only to retrace backwards. Ideally seeing the MACDS on the 1 hour and 4 hour candle moving upwards will be a good sign , but currently they are pointing downwards

Commento:

Getting past 11300 will be a welcome sign .

Commento:

The 90 minute candle drops its next candle in 30 seconds.