NastyBeer

2018 Fractal doesnt allow 21k

NastyBeer Updated   
KRAKEN:BTCUSD   Bitcoin
Seems theres some people expecting current PA to hit 21k while copying 2018 before the final drop.

Lets take a look at the fib levels and we can see, yes, there is some same pattern going on following 0.382, 0.618, 0.768 fibs.

If that fractal would be in play, next station is a dive below 0.886 and no coming back once below.

Timewise a drop would occure ~10% before the apex, either all the time since the low or first high this would give 28th of oct - 3rd of nov

However a break about the downtrend would be a clear invalidation of this fractal

Lets see what happens


Hold my beer pls

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No financial advice, do your own research, don't be stupid
Comment:
as long as 0.886 holds, bulls are in favor
Comment:
Careful with a drop below 0.886, times ticking for the bulls
Comment:
lets see if it migh tbe just lagging and just now hit 0.618 vs oct 5 high

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