CAUTION! This FRACTAL Can Shift BTC In A New Bear-Market Again!

Hello Traders Investors And Community,

Welcome to this analysis about Bitcoin, we are looking at the weekly timeframe perspectives. It is always necessary when participating in financial markets such as Bitcoin to elevate what is possible and what is not possible. Besides that when dynamics tend to change and a new direction can emerge it is important to rightly prepare on these possibilities to do exclude others when further developments tend to follow into this direction. In this case, I discovered a highly important fractal that already completed three times and all three times was the origin of bear-markets and heavy bearish establishments to the downside. At the moment and with the recent developments Bitcoin has started to form this fractal again and therefore the possibility of the further finalization of this fractal structure should not be kept by side.

Fractal Phases Till The Final Bearish Mark-Down:
The fractal is mainly divided into four phases reaching from A to D till the final bearish confirmation has shown up. These phases remained in all three past fractals the same as it is shown in my chart. In the phase, A Bitcoin forms a new preliminary high with widespread and volume before first pullbacks move into and bearishness initially is the source of a pullback. In phase B the previously established pullback continues and Bitcoin moves on to test the crucial 55-EMA in the structure marked in red in my chart. In phase C the 55-EMA firstly holds and Bitcoins shows up with somewhat of a weak rally that moves directly into the 61.8% Fibonacci-Retracement where Bitcoin rejects and pulls back to move on testing the 55-EMA anew, in this phase the 61.8% Fibonacci-rejection marked already a significant turning point. The final phase then happens with phase D as Bitcoin has not the ability anymore to hold the 55-EMA sufficiently and in case that falls below it which marks further bearish continuations to the downside and the final bear-market signal.

Comparison To The Current Structure And What Are Important Factors Upcoming:
In consideration of this crucial fractal structure and in comparison to the developments shown up within the last weeks Bitcoin already initiated phase A by pulling back from the 64000 USD level to show up with these bearish developments exactly like it was already seen in the fractals before and now Bitcoin already moved on to test the 55-EMA in the structure where it somewhat bounced weakly. What would follow up in the structure now is phase C in which Bitcoin moves on to the 61.8% Fibonacci-retracement and gets rejected which is not unlikely in this case and can happen within the next times as Bitcoin is not showing really bullish strength here. When this phase C possibly shows up in the next times and Bitcoin gets rejected from the Fibonacci-level the phase D is not far away, in this case, it is the same as within the previous fractals already completed when Bitcoin finally closes below the 55-EMA this will be the final confirmation and origin for the bear-market markdowns as already seen before.

In this manner, as shown up now Bitcoin is in a highly decisive situation where it is important to elevate how Bitcoin develops here, as the two main phases already set-up it should not be kept from the desk that the further phases can develop samely as it was already seen with the previous fractals. In fact, Bitcoin already showed bullish weakening developments and not yet has confirmed an increased bullish stabilization which can lead to further highs. Therefore it will be necessary how Bitcoin develops further here in the next times and especially how it approaches the main 61.8% Fibonacci-retracement which can be the determining factor here. As traders, it is best to prepare on such changing conditions to when they happen take proper action accordingly.

In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you!
"The past is a reasonable template for present and future occurences."

Information provided is only educational and should not be used to take action in the markets.