In this idea we see a rising wedge that has a high percentage of breaking to the downside. The wedge pictured is confluent with Btc Dominance and the scallop charts I have published prior showing a fall in to the bottom of the scallop. Confluence between the falling wedge on the DXY index is another strong suggestion that this idea is accurate. My personal projections are by the end of January we will be moving out of the Horizontal Consolidation Region on our way to a new all time high of roughly 36k. Posted prior to this idea is a fractal of the projected HCR movement and I will update with the new data that has come in as we move forward. While we traverse this region we should see a great alt season as BTC moves sideways. At this time the best move I can see is to realize profits and liquidate holdings to have in USDT ready to buy the dip. Good luck everyone much love.
If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
Please keep in mind that the stock market will probably correlate with this movement until we start heading towards all time highs and have a much needed decoupling from traditional markets.
If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
Please keep in mind that the stock market will probably correlate with this movement until we start heading towards all time highs and have a much needed decoupling from traditional markets.
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Updated this with the new dataNota
Makes me think what all those bankers and investment firms would love to do to all the people that support and push the crypto space....pump and dump themSurely over half a million bitcoins could do so...
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I also thought it was cool that my rising wedge and the 618 trendline formed an ascending triangle. Here are some possible price movements with my fractal overlaid Nota
Zoomed out Nota
Fall projection Nota
BTC short term, Ascending tiangle into a symmetrical triangle. I expect some pull back.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.