The fact we are so close the Big Fib time date end of June 2023 and I still can't confirm which way this is going to swing is frustrating.
Last year it was so clear coming up to the fib date , this year price could swing either way.
For me there is two ways this is going to play out next 30-45days
1. We Flash crash down to retest the cycle low at 15k every cycle we create a double bottom , right now we keep be forming this crashing pattern that will take us back down to 15.5k.
As you can see it is a very distinct pattern it can appear in any timeframe , the higher the timeframe the longer it takes for the pattern to form .
There crashing patterns form everywhere not just Bitcoin.
So if it did flash crash then it would look very similar to 2015.
2.
Now the second outcome here is a massive bear trap and a massive move up to 40k end of June 2023.
Check this out.
We bounced massively off this moving average last time creating a huge bear trap. If it is going hold and reverse this is it , once we close under this moving average its over.
SPX500 bump and run reversal pattern still not reached its technical target .
We could still see a melt up in June 2023 for the SPX which would give a higher chance that Bitcoin hits 40k aswell.
So as you can see how things can swing each way , we break the yellow triangle and close above it for Bitcoin we go up or we continue making lower lows we will complete the crashing structure , guess we just have to wait.
Last year it was so clear coming up to the fib date , this year price could swing either way.
For me there is two ways this is going to play out next 30-45days
1. We Flash crash down to retest the cycle low at 15k every cycle we create a double bottom , right now we keep be forming this crashing pattern that will take us back down to 15.5k.
As you can see it is a very distinct pattern it can appear in any timeframe , the higher the timeframe the longer it takes for the pattern to form .
There crashing patterns form everywhere not just Bitcoin.
So if it did flash crash then it would look very similar to 2015.
2.
Now the second outcome here is a massive bear trap and a massive move up to 40k end of June 2023.
Check this out.
We bounced massively off this moving average last time creating a huge bear trap. If it is going hold and reverse this is it , once we close under this moving average its over.
SPX500 bump and run reversal pattern still not reached its technical target .
We could still see a melt up in June 2023 for the SPX which would give a higher chance that Bitcoin hits 40k aswell.
So as you can see how things can swing each way , we break the yellow triangle and close above it for Bitcoin we go up or we continue making lower lows we will complete the crashing structure , guess we just have to wait.
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If you overlap 2015 daily fractal over this cycle you get the flash crash june 15th very close to my fib time date
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We need to close above this red line to invalidate this crashing structure
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Wow
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telllllllllllllllll me this is not looking the same , wowowow
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4hour fractal from 2020 covid crash
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god dam near perfect fit
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This could be the pico top of the flash crash structure here , what an insane short it would be
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So if this fractal does in fact play out then XRP plays out its fractal to
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Nobody will see it coming , unless your have my time fib sequence
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next 10 hours we find out this crashing structure theory still alive , break to upside invalided , tell you now I think this breaks down , money flow is weak
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crashing structure broken , 40k it looks like
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date is coming up
crash is more likey at this point
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