TradingView
TestPattern
Jun 26, 2019 7:07 PM

BTC Fractal View 

Bitcoin / U.S. dollarBitstamp

Description

1) After bear market end, the first 6M candle was the strongest in bitcoin history

2) Be careful during the next 3M candle period (Jul~Sep). then, catch the big trend.

3) BTC accelerated 6M candle.

4) Alt market works in normal cycle
and, it was a necessary process.
BTC whales have the opportunity to purchase Altcoins at a lower exchange rate for excess returns

5) Current status of ALT-BTC

On the third tab, You can see why your Altcoin doesn't rise in BTC Market.

Comment

Comments
cardan6006
what is your forecast for 2020 Q1 ?
TestPattern
@cardan6006,

I would have thought of 20K if I hadn't seen ichmoku.
But I look at it and compared with chart of others asset.
It was not optimistic.
BTC first encountered monthly Ichmoku.
It may take a long time to reach ATH.

Q1 recovery. but...There's growing uncertainty.
cardan6006
@TestPattern, surpassed 10k,
11 is the next target?,
the turn isn't expected yet?
TestPattern
@cardan6006,

I think this is valid yet.
Even if correction comes in the short term, need to set up a long-term portfolio (Appropriate ratio of TOP10)
11K is possible, But now, predicting small fluctuations is not meaningful.
Accumulation time has passed.
cardan6006
@TestPattern, It's a terrible fall. btc 5585/ All ideas are ruined.
TestPattern
@cardan6006,
Yes, Ichimoku was right than My thought.
If it closes below 10K at the end of the year, Perhaps BTC can't rise above 10K for several years.
TestPattern
@cardan6006,

or Major miners want a chicken game.
cardan6006
do you think btc will continue to go down? and when to wait for the comeback of altcoins
TestPattern
@cardan6006,

If fall to 50MA (1W), it could enter new bear cycle.
To go in a positive direction, it must keep 8.5K.
When BTC fall into bear cycle, Altcoin become dust.
cardan6006
next target 16k?
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