I have been detailing this move in all of my updates, but I have posted this chart here for you to see live. This fractal is still in play. I believe that BTC is likely to go down to make a double bottom / a near double bottom / a new slightly lower pivot low. A move down to 6500 before moving up towards 9000-9500. I obtained this fractal through using a unique S/R system that I have independently developed. Instead of focusing on the price, please pay attention to the S/R levels being hit. ignore anything over 10500 - in my analysis that's what I do as I believe that it is just NOISE. Yes, everyone wants to talk about bear / bull, I do not think the market will instantly dump to 3k - if it is going down there (which I believe is likely) - it will happen in stages. Until this play gets invalidated, I believe it is next.
Please read my most recent published idea prior to this one. That idea covers more short-term S/R - of which I believe 6900 is likely next.
@Alizi, Thanks Alizi. Just trying to stay on top of BTC. Progress is inevitable. Thanks for the comment and view!
VincePrince
⋅
Wow interesting use of technical indicator, thanks for sharing
DealerBTC
⋅
@VincePrince, Thank you. Your idea also goes into a lot of depth. I am open to all options but I definitely don't see this as being a one shot sink or fly - for now at least.
CryptoBever
⋅
I aggree! We will retest lower support at 6.4K before the bull run will begin. Ps. Good chart!
DealerBTC
⋅
@CryptoBever, Thank you. Let's be on the lookout and make some BTC. Next year will be an adventure!