If we copy and mirror the fractal of the desc triangle breakdown which lead to a long squeeze and paste it to the asc triangle breakout which lead to a short squeeze we see that both large candles have the same size followed by higher high candle and then 3 consolidation candles in sideways range. The daily candles closed outside the bollinger bands. So until now the dump and pump fractal have the exact same formation.
In the case that this keeps going similar: We look for consolidation for three days until the ma10 (purple) catchs up with price. During the three days the volume declines and then the next volume breakout follows.
Comment
⋅
Comment
⋅
2015 capitulation and recovery:
Comment
⋅
its about time, gonna buy the breakout (if happens)
Comment
⋅
the consolidation takes way longer, decreasing the chance for the fractal
Comment
⋅
bitcoin style recovery :)
Trade closed: target reached
⋅
btc hit target for now, betting on higher rise seems greedy at this point