Im Back- giving you the play by play :) Early chart showed the struggle zone and it was nasty. Its Been a rough day overall today in All Markets. BTC has been undergoing many micro-bearish patterns that have all played out- to shake out the buyers. However, it seems the downside is now playing to a bullish pattern at the end of all this. We have more MACRO patterns illustrated here... if you want to see the micropatterns they are in older charts.. but here we can see the bigger picture to this possible correction. If this completes BTC has a massive increase and if the bearish pattern (red) turns bullish.. we are off to 80K easy. I tend to think we are due to older MACRO patterns that are still in play. However please note the resistance points on the macro patterns.. It may get choppy in these areas.
Lets see what happens!
Lets see what happens!
Comment:
The pattern shown is a LONGER Forming 1.618 pattern.. the reversal could also take place around 44.6K (1.27) to give us an abbreviated pattern- targets still somewhat the same.
Trade active:
Looks like we bounced at 50 FIB.. upside has started.
Moorsc0de aka Crypt0nomics aka Zaphkiel
