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TradingRange
May 15, 2018 8:31 PM

BTC - if they say to you moon, you will have to wait.  Short

Bitcoin / DollarBitfinex

Description

Fractalization. IF and IF we follow this fractal this what gonna happen.
We may have some last consensus manipulation and get to retest 88ish again and maybe a little over it, as our recent bear flag allows us to lift next time more than 88.
This will load up some extra longs to fuel our next downward movement.
Which will give us some fuel to finish bear flag and dump it to the pretty important level of 76ish one that has been sup/res a lot of times already.
Of course, we bounce from there to test 82-83 that turned to support. after this, we will go further down to retest lower bottom of the big triangle channel formed by last 2 fractals. that is around 7k.
All this will be a perfect end of the local distribution and we can accumulate again and go further up.

Comment

Comments
TradingRange
No final bottom, when we will get to 7k i will analyze the situation there. Calling bottoms like this you need to be a prophet.
leorio
so whats your final bottom, 1k?
vizigot
Great chart. Totally agree.
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