MiloszKaszynski

Middle of cycle

Long
MiloszKaszynski Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
It looks we are in the middle of cycle. There will be selling opportunity in 3970 levels. But than we will fall lower :( This cycle lokks more dynamic than previous so i expect reaching lowest low before 16 ocrober, in this time frame i expect trend reversal, it will also fit with weekly RSI which will reset than.
Trade attivo:
To get better overview we are in upper down channel of pichfork.

Trade attivo:
Be carefull on another bull trap:

Trade attivo:
And we are going to bottom local trend line. This is descending triangle so dobt be fool and do not go long!

Commento:
Possible scenario:

Trade attivo:
Descending triangle and potential down channel created from this setup. First Major stop on 3550 level.

Commento:
That was unexpected. Aparently we are heading to 4170

Commento:
Too risky for me to play potential divergency on 4h. Waiting on drop down.

SHORT.

Commento:
We are here:


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