Context: G20, Google Ban and Tendency. From Indecision to bearish. This means dense correction and agglomerated 4~5 on this impulse.
Clues: This long correction have been fighting res. and sup lines and traded below Wave A.v. So we expect this to be another impulse down.
Aggression Level: Lots of attacks on Price Action, expect players trading truly aggressive. Whipsaws alert: Dragon.
Play: Short on C.ii peak, strengthening position half way to STOP. Position: 8450~8650 Take Profit: 7600~7300
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It gonna for a test of that sup. too early. Only 1/3 of my position was filled. This shows that in the general context we are much more bearish than expected. This sentence may be confirmed by an even earlier breakout of that sup. at ~7860.
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RSI got too oversold on 1h+.
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As prices fallen to fast and RSI got too oversold, btcusd bounced on our 7850 cluster support back to a area where we can start our positioning once again. Context is the same, EMA55-close being respected as a trend line.
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Second bullish rally without volume, first orders filled.
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Failed Swing on the 8400 cluster. We are probably reading south now.
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Finally after a extended period of distribution they gonna let it sink. Will this new short extension have any relation to that? Mind your game.
Since 12th day, it is bouncing on Feb 6 support. Now it broke up ATH res. On the same time frame, the manipulation is clear on volume, as a market maker change little to nothing his buying pattern.