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Update: The Three Fractal Scenarios: Breakdown

BITSTAMP:BTCUSD   Bitcoin / Dollar
1502 2 11
Big white line is major mid term support. Also is necessity for validity of Scenario A (red). Price is already under the line. Which means Scen A is not happening.

We now follow Scenario B (Blue) with possible Scenario C continuation (White).

Simply put, price is already under the critical support of $225 and it is short time until $90.

To invalidate this scenario, price must hold above $230 and break above $270 (30week EMA). That would indicate return to Scen A (Red).
viajero
2 years ago
good anlysis and I agree, red is probably not going to happen. but price actually IS, and since january always was, ABOVE your white line?! never below. so your reasoning is of...
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viajero viajero
2 years ago
my reasoning would be, to many ppl expecting scenario A, hence it's not going to happen. On the other hand, IF supply is finally meeting demand, we might just range some more and all the greedy finex perma bulls might be safed this time... it's a small chance but it's still there...
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