This is the representation of the Primary wave 1-1 fractal theory and it's application to the entire 1st primary wave
Comment:
I'd like to update with the high likely hood this will finish off as a double bottom. I'm closing my trades for the time being and awaiting confirmation of support at $6.2 or $5.8k
Comment:
I'd like to be clear however the white lines are areas of interest of potentiality depending on buy pressure from the other markets potential issues setting in. $9k, $10k, $13k and $15k zones are all reasonable targets once people shake this Boogie Bear PTSD and the perma bear charters stop thrashing sentiment of people that are missing the dip.
Comment:
Getting easy up votes for bearish TAs in a bear market is easy but bucking the trend and calling the bottom is not. Please up vote if you agree and if not, please do after it's played out. I'm earning it.
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This helps motivate me to continue posting objective however risky (when I'm of the lower 10% of Crypto TV charts willing to risk a failed chart against the super majority) Every post puts your reputation on the line. No one is right all the time but following the crowd into safety land doesn't help other who come here for new ideas.
Trade active:
Trade will remain open from long before most of the charts in trading view even considered anything but a capitulation out of trend in their postings without 10 different options and paths. The overall market trend of this chart will continue on for some time. The more we go up, the better we can identify more detailed areas of interest! Notice after performing more in dept research into market fundamentals and years long trends, I dropped the capitulation theory of the masses but well before we experienced an actual reversal. Not such a safe call to publish when VERY few others would consider it and No others would give a TA with only bullish movements up that I'm aware of is it? I sure wish I had spent the sleepless nights and countless hours verifying fundamentals and targets and in this way more than a couple days prior and I'll bet lots of others now wish they put the work in to understand why this was the most probable move at all. My continued dedication and commitment will go into all of my publications. I hope you can learn from my hard work!
Comment:
Stop back often and press that play button will you? don't forget to check my other charts profile, account comment and ideas. Happy trading friends!