In the long term: Things are still as expected by Blackman, BTC has only been around the sideway in the 25000-3000 range for almost 2 quarters. The July candlestick closed 1 reversal candlestick when retesting 30000, which means that BTC is unlikely to break this barrier in the near future! Blackman won’t be able to break this year!
But from Blackman’s perspective from now until the end of the year, BTC will fall as mainstream. The market will soon test 25000 1 again and the probability of breaking will be higher than the last test ( It is expected that by the beginning of the fourth quarter there will be a puncture ) => It will return to 21000!!
In the medium term: BTC has been sideways by a small margin (29000-31000) for quite some time. However, according to Blackman, the market could start to break this week, pushing BTC towards 28000. This will cause a temporary bullish price reversal (up to 30000) because 28000 is the Demand Zone of the W1 timeframe anyway.
In the short term: We will wait for the market to retest the 29700 area 1 again and sell here or we can watch below around 28000 to buy orders. Currently, BTC is still compressing the sideway in the D1 frame, so it cannot open orders.
Command reference:
Sell 29700
SL 30200
TP 29000
Buy 28000
SL 27400
TP 28800
