This time with a fancy chart and all explanations inside.
Feel free to discuss,like and comment. Tell me what you think will 8 k area hold?
Comment
⋅
- Please drag the chart down a bit to see all content of black box -
Play on 4 h timeframe will take a look again tomorrow evening to adjust for damn monday.
Will try to explain these fractals after coffee & cig
Comment
⋅
so i spotted these (1-2-3 green box) zones with the same pattern - watched more parts of the past chart to confirm thoughts made a decision based on fractals/ RSI / Support & Resistance Levels -Had my btc at about 8.8k at 16-20'o clock or 4pm/8pm - at this point I realized same pattern is building and thought: why should it be different this time?
Lookin good so far = fractals provide too good of info that should not/never be overlooked (gotta test that out in the following trades)
Comment
⋅
Current update: Hard to see but still there: between S1 and S2 is the area where I thought a´to be this drop from fractal 4 was kind of mimicking the one from 3 - so all for this to confirm in my expected bearish play was to form a bottom below the one of a. this should be the last buy candle which should end higher then the prev. close could even be 8.65 k and wick to 8.7 k
Comment
⋅
alts are pumping really hard, dont know exactly why... we have exactly 100 min left at the time of writing this until the last candle closes until then we are having some fun with alts - without having done my proper researched - i bought some of the most liquid coins planning on selling them right at the end of the candle close
Comment
⋅
started to slowly sell some alts
Comment
⋅
sold off allmost all alts, only letting the best ones ride. their time will come soon
Comment
⋅
i need the current candle close to make a decision on. I had hoped that this would be the candle where we see another sell off.
Updating tonight at 10 pm
Comment
⋅
so this current situation looks way too confusing. A lot of possibilities can happen here, which i wont describe before having at least some kind of confirmation.
Until then, we will move sideways for some time or do another smaller leg. S1 looks too strong for me to break (8-12 h)
Unfortunately, i cant detect any signs with confirmation for this play.
Usually we see some sort of patterns forming, but this time i think BTC is running on either fomo or panic sell i.e people's emotions. we got two large groups of people; first screaming its moon time who are extremely bullish and we have the second group who are screaming we are sinking get out *extremely bearish* so technically BTC is running on people's emotions. I appreciate the fractal signals that you picked up..they may mean something, do you happen to know wat?
For now, im just sitting waiting for support and resistance lines to be tested and acting accordingly. you were right about the direction BTC is heading, i would sell all alts too maybe get in for quick flips on bounces but generally wait for the some sort of confirmation. hopefully close of day.
For now, im just sitting waiting for support and resistance lines to be tested and acting accordingly. you were right about the direction BTC is heading, i would sell all alts too maybe get in for quick flips on bounces but generally wait for the some sort of confirmation. hopefully close of day.
Thanks for sharing though!