Very cool! I coincidently was looking at the same fractal but, I have your 23'rd low right where we are currently. If I remember right, it was "predicting" a Tuesday fake out breakdown below trend and then up and away... My trend lines are a slightly different which worked but hey, I am not to be taken serious. Very cool to see someone experienced saw the same possibility. Just found out Biden has a speech Tuesday too, after I told my wife Friday, I think news might come on Tuesday next week. ? Coincidence I'm sure.
culbert425
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@qccamsrazor, I didn't target dates too specifically, I just took two ideas and let them gel together. First, that there's no immediate reasons I see for a stark drop or quick recovery from the rate of our current downtrend until a new significant catalyst shows up and second, that that catalyst would/could be new institutional buying come new year. If that buying doesn't show up... yikes. I saw a graph recently of the players behind ETH traffic separated by big institutions, small institutions, and large and small retail... and it is overwhelmingly large institutions driving ETH traffic. I assume the same for BTC, so I assume we will start looking like large institution markets. BTC is very correlated to bond rates and quite inversely correlated to the DXY as most folks know. I'm super excited to see what happens over the next couple weeks.
qccamsrazor
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@culbert425, And then there's the sovereign wealth funds, as well, retirement funds and more. I was watching an interview, the guys name escapes me, but very big player... Last spring he was talking about what the market would become when the whales arrived. He mentioned how we refer to whales, and he said there are no whales currently in the btc markets yet. Only sharks, when the whales arrive the market will be less volatile and move much slower when it does move... I've been told btc acts like gold on roids. lol Great insight Cuthbert. thanks for taking the time. Also... Not sure if you know about this site but it's pretty cool to play with. and check out when btc or other alts are moving and which countries are buying/selling. Fiatleak.com God Bless and we will keep our fingers crossed but plan for the worst. ;-)
culbert425
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@qccamsrazor, that's a really neat website, thanks for sharing