Hi everyone,
BTC is still forming a bull flag, but this could be insufficient to cancel the daily bearish countdown.
If the countdown has to complete first, this means a bearish target of at least:
- $7.993 on Coinbase
- $7.470 on Bitstamp
There is a countdown shift between the 2 platforms so it is actually quite difficult to predict a target.
I would favor the coinbase target as it coincides better with the 0.764 Fib retracement...
Targets are not a guarantee!
Countdown can be cancelled by these 2 conditions:
- A new Sell setup (After a bullish TD Price Flip, there must be nine consecutive closes, each one greater than the corresponding close four bars earlier)
- A candle low completed above TDST Resistance @10.379USD
On the 12H chart, we had 2 nice potential Buy points indicated by S13 and S21.
Here also the main bearish sequential countdown has not been canceled so we could reach the next S34 exhaustion point.
Best!
MATHR3E
Sequential indicators:
BTC is still forming a bull flag, but this could be insufficient to cancel the daily bearish countdown.
If the countdown has to complete first, this means a bearish target of at least:
- $7.993 on Coinbase
- $7.470 on Bitstamp
There is a countdown shift between the 2 platforms so it is actually quite difficult to predict a target.
I would favor the coinbase target as it coincides better with the 0.764 Fib retracement...
Targets are not a guarantee!
Countdown can be cancelled by these 2 conditions:
- A new Sell setup (After a bullish TD Price Flip, there must be nine consecutive closes, each one greater than the corresponding close four bars earlier)
- A candle low completed above TDST Resistance @10.379USD
On the 12H chart, we had 2 nice potential Buy points indicated by S13 and S21.
Here also the main bearish sequential countdown has not been canceled so we could reach the next S34 exhaustion point.
Best!
MATHR3E
Sequential indicators:
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
