Hello,
I am concerned about the downside break from consolidation we just had. That could be significant when we are this high up in a parabolic run.
These fractals are from the last parabolic run at the "backstage" boundary to this argument.
If you are new to my analysis... let me explain. I am looking at the movements of this market as a 3D playing field. Not just up and down vs time, but with spacial projections of bearish and bullish harmonic patterns. whats really cool, is that these harmonic pattern projections are happening at all time frames!
The myriad of vectors that clutter these drawings also define the surface of that playing field, in a 3D perspective. I believe the this peak we are forming is further into your monitor than the lower peak we just had. It's in the back of the field. It correlates to the spatial projection of the Dec 2018 peak.
So... we take that fractal, and see how it fits... not to the actual bars of the current market, but the the support and resistance vectors that define the playing field.
We are also seeing exponential growth... even on a logarithmic scale... as such, the pink fractal had to be compressed quite a bit in order to fit the most recent vectors. This is super exciting, but it likely implies increased volatility in price action... Eminently.
So... which way will bitcoin go in the coming days and weeks? It's impossible to say, but we can try to educate our bets to increase our odds.
Enthusiastically, there is some serious exponential growth potential right now, and bitcoin is still in the adoption phase globally.... so stay with it! However, we also have the possibility for fear based selloff or at least some volatile consolidation before the next push. That could be fun for day trading!
Remember, we have all just accumulated a lot of wealth in this as we moved from a low-risk : high-reward situation to a much higher risk / reward situation.
So... how does that fractal fit to tell this story? well, the pull back we just had overnight is concerning... i don't see any good examples of a lower low like that from the fractal that don't lead to a consolidation phase.
But... that pull back didn't trigger a landslide yet either... so, could it have just been a pitstop to refuel?
The pink fractal feels like the best fit to me, and I will be planning some of my moves based on it, with some backup moves for moves shown in the other fractal alignments shown in orange.
Here it is on the 30 minute scale... nice fit eh?
What's your move? hold, or sell and wait for a pull back? But what if it doesn't pull back and you miss the run? ...and what if it is a bubble that pops!?!?! OMG!
Also consider: The US financial markets are teetering on the brink of a pretty big correction. Will bitcoin finally decouple from us stocks and see a massive influx as the Tesla bubble pops and pulls the whole SP500 down with it?? Or... will everyone panic into risk-off mode and loose everything to stop losses and algorithms that sweep them up faster than you can react?
Is that concept new to you? Welcome to The Matrix! Your opponent in this game is the artificial intelligence algorithms. Is your mind holding you back, or setting you free? I do believe that the human mind is still more capable, pliable, and can learn faster, and adapt faster than an algorithm.... but you have to be running your brain and body absolutely optimally.
Good Luck everyone!
I am concerned about the downside break from consolidation we just had. That could be significant when we are this high up in a parabolic run.
These fractals are from the last parabolic run at the "backstage" boundary to this argument.
If you are new to my analysis... let me explain. I am looking at the movements of this market as a 3D playing field. Not just up and down vs time, but with spacial projections of bearish and bullish harmonic patterns. whats really cool, is that these harmonic pattern projections are happening at all time frames!
The myriad of vectors that clutter these drawings also define the surface of that playing field, in a 3D perspective. I believe the this peak we are forming is further into your monitor than the lower peak we just had. It's in the back of the field. It correlates to the spatial projection of the Dec 2018 peak.
So... we take that fractal, and see how it fits... not to the actual bars of the current market, but the the support and resistance vectors that define the playing field.
We are also seeing exponential growth... even on a logarithmic scale... as such, the pink fractal had to be compressed quite a bit in order to fit the most recent vectors. This is super exciting, but it likely implies increased volatility in price action... Eminently.
So... which way will bitcoin go in the coming days and weeks? It's impossible to say, but we can try to educate our bets to increase our odds.
Enthusiastically, there is some serious exponential growth potential right now, and bitcoin is still in the adoption phase globally.... so stay with it! However, we also have the possibility for fear based selloff or at least some volatile consolidation before the next push. That could be fun for day trading!
Remember, we have all just accumulated a lot of wealth in this as we moved from a low-risk : high-reward situation to a much higher risk / reward situation.
So... how does that fractal fit to tell this story? well, the pull back we just had overnight is concerning... i don't see any good examples of a lower low like that from the fractal that don't lead to a consolidation phase.
But... that pull back didn't trigger a landslide yet either... so, could it have just been a pitstop to refuel?
The pink fractal feels like the best fit to me, and I will be planning some of my moves based on it, with some backup moves for moves shown in the other fractal alignments shown in orange.
Here it is on the 30 minute scale... nice fit eh?
What's your move? hold, or sell and wait for a pull back? But what if it doesn't pull back and you miss the run? ...and what if it is a bubble that pops!?!?! OMG!
Also consider: The US financial markets are teetering on the brink of a pretty big correction. Will bitcoin finally decouple from us stocks and see a massive influx as the Tesla bubble pops and pulls the whole SP500 down with it?? Or... will everyone panic into risk-off mode and loose everything to stop losses and algorithms that sweep them up faster than you can react?
Is that concept new to you? Welcome to The Matrix! Your opponent in this game is the artificial intelligence algorithms. Is your mind holding you back, or setting you free? I do believe that the human mind is still more capable, pliable, and can learn faster, and adapt faster than an algorithm.... but you have to be running your brain and body absolutely optimally.
Good Luck everyone!