Bitcoin, extra Fractal update

Been a while since i posted a fractal on Bitcoin but i think this one could be a real one again. The market just has changed so much the past month, volume on Bitmex has been increasing and that has increased the manipulation in this market even more. Because they long/short there and use the other exchanges to steer the price when they can. But there has been a big fight lately between the Bitmex players and the Bitfinex whale. I personally think the Bitfinex whale is the biggest boss out there, i talked about him in the April low as well.

Of course, this fractal gets invalidated if we break the 7240/7170. Look a bit differently to see the the start of this fractal, at the lows. Because they are not the same at first sight, but look a bit further than that. Here we can also see the bearish divergence in both cases and how unreliable indicators can be. Most people using TA think the market listens to the indicators, well it's the other way around of course. If 1 Bitfinex whale can push the hole market up by himself, what use do indicators actually even have, even TA for that matter.

Anyway, wanted to share this with you, to give you an extra guidline

Don't forget to like if you appreciate this :)

My main analysis:

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Still not ready to let it go up it seems, still above former resistance though, up to the bulls to keep the pressure on now and not give up

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I will answer some of the comments later today, i see there is a mix up of what my message here is.

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They just can't help themselves, forcing these bart moves. Cant say where this will stop guys, it's a coin toss. They could be trying this move again. Depends on how much volume the bulls have!

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Still above the 7300/7270, so the bulls can still hold it here, but i just can't say what or how. These are those manipulative moves of people with extreme volume. I cannot check it in my charts, have an error in my special chart. But i am quite sure Bitmex started this push down, because they usually do with Bart moves.

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If we see a big push down now, if it happens it will be very fast, we can probably go long between 7000/7100

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So still very stable at above the 7300 so the bulls are still not giving up. I see big time distribution on Bitmex and the amount of contracts have increased allot! So there are 2 options (since we cannot who has which side (long or short)).
The Bitmex whales will win this fight and push the price down allot or the Bitfinex whale has given these Bitmex whales the time to grow a bit amount of shorts so they can get liquidated very soon.

When ignoring the above, we broke the triangle, still above support so we should see more upwards movement, but the 7400 is a very heavy support. So we need to see much more buying pressure if the bulls want to win this fight since the volume has been a bit low. I think if the bulls will win this one, we could see a very big squeeze up (based on the info above). Again, if they win it.

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Action always happens when i am sleeping :(. Damn this went fast again. This is bad from what i can see now. Went straight through the 7000/7100 support. The 6800 is still holding, but at the moment can't say if it will hold though. Looks like the target of that small bear flag on left has been reached already, but don't expect it to go up in a straight line again. Even if we go up again from the 6800ish, it could take a day or 2 again.
Alts are also taking some big hits again, which again shows that even though things looked better, even though it seemed the confidence was slowly coming back, there is still panic in this market.

I will post another update soon after this one

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Update