Since my previous Bear Fractal was broken, I decided to look more closely at the time fractal of 4 years ago, 2018, and zoom out a little bit.
What I saw put a complete new perspective on everything, given this inverted head and shoulders pattern has been created.
At the end of July 2018, there was a HUGE sell off, which dropped (almost) right back to where it was in July (the equivalent being back to 18k lets say). This was right at the start of the MONTHLY CLOSE OF JULY. Funnily enough, a green monthly would be the perfect SHORT entry, wouldn't it?
Now if we choose time over the pattern, it says we have just 5 DAYS until we reach the top of this bull trap - the top being 25th July before a distribution pattern paints lower.
So from 23k here -> 38k CAN happen, but it's less likely due to the fact that a lower time frame pattern is painting after half the push up already. (Look at the red vertical dotted line and check the lower time frames of 20th July 2018)
This suggests 26.6k can also happen. It was the previous "LOW" of late May- Early June from 26.6k-32.4k.
If you check lower time frames right now, and factor in the time it would take to push Bitcoin to 26.6k, this would make more sense.
Essentially the new plan is LONG until 26.6k, then SHORT 26.6k, if get stopped out then switch LONG at 27k and SHORT 38k.
I am LONG from 23k currently and awaiting further info from the market.
Whilst there has been a lot of distribution showing in the market, it likely could also spoofed. Also seeing how much Ethereum ran up, it would make sense that Bitcoin follows the same trajectory.
I would avoid buying Ethereum because the gains will be much worse, BTC.D has lots of room to run and ETH/BTC is pretty high.
Also a note -> Because of all this information, it mathmetically predicts a bottom of 9.6k for Bitcoin compared to the previous low of 17k (in percentages), so let's see in December where we are.
What I saw put a complete new perspective on everything, given this inverted head and shoulders pattern has been created.
At the end of July 2018, there was a HUGE sell off, which dropped (almost) right back to where it was in July (the equivalent being back to 18k lets say). This was right at the start of the MONTHLY CLOSE OF JULY. Funnily enough, a green monthly would be the perfect SHORT entry, wouldn't it?
Now if we choose time over the pattern, it says we have just 5 DAYS until we reach the top of this bull trap - the top being 25th July before a distribution pattern paints lower.
So from 23k here -> 38k CAN happen, but it's less likely due to the fact that a lower time frame pattern is painting after half the push up already. (Look at the red vertical dotted line and check the lower time frames of 20th July 2018)
This suggests 26.6k can also happen. It was the previous "LOW" of late May- Early June from 26.6k-32.4k.
If you check lower time frames right now, and factor in the time it would take to push Bitcoin to 26.6k, this would make more sense.
Essentially the new plan is LONG until 26.6k, then SHORT 26.6k, if get stopped out then switch LONG at 27k and SHORT 38k.
I am LONG from 23k currently and awaiting further info from the market.
Whilst there has been a lot of distribution showing in the market, it likely could also spoofed. Also seeing how much Ethereum ran up, it would make sense that Bitcoin follows the same trajectory.
I would avoid buying Ethereum because the gains will be much worse, BTC.D has lots of room to run and ETH/BTC is pretty high.
Also a note -> Because of all this information, it mathmetically predicts a bottom of 9.6k for Bitcoin compared to the previous low of 17k (in percentages), so let's see in December where we are.
ملاحظة
BTC doing the same thing 4 years later exact same time, exact same date?
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.