Ok guys, this is a continuation of this thread:
Thank you massively for the views and likes, this was probably my most successful chart, as the fractal played out exactly the same.
This is why I will continue with another fractal analysis.
I have 2 things I want to talk about:
If you look at the circled fractal that we used to analyze our previous chart, we can see that btc breaks from the triple bottom support, and goes down to around 6500. Now from history we know, that the local bot around that time was around 5800. So 6500 was a fake bottom, but a short squeeze happened after it and we did a small run, before dropping back to 5800.
If we want to do an analogy here, we can safely presume that we already hit our "temporary" bottom around 3200, and a short squeeze could very well happen within the few days.
Arguments for the short squeeze:
Those who got in early around 3800 or even 3900, don't panic sell, and wait for the squeeze, as the squeeze should take us to 5000.
Good luck
Thank you massively for the views and likes, this was probably my most successful chart, as the fractal played out exactly the same.
This is why I will continue with another fractal analysis.
I have 2 things I want to talk about:
If you look at the circled fractal that we used to analyze our previous chart, we can see that btc breaks from the triple bottom support, and goes down to around 6500. Now from history we know, that the local bot around that time was around 5800. So 6500 was a fake bottom, but a short squeeze happened after it and we did a small run, before dropping back to 5800.
If we want to do an analogy here, we can safely presume that we already hit our "temporary" bottom around 3200, and a short squeeze could very well happen within the few days.
Arguments for the short squeeze:
Those who got in early around 3800 or even 3900, don't panic sell, and wait for the squeeze, as the squeeze should take us to 5000.
Good luck
Comment:
This is what I was waiting for!
We will see a small run, but we will retest these lower levels again.
We will see a small run, but we will retest these lower levels again.
Comment:
First big resistance is 4400 which is a strong resistance.
I expect we break just in time for Bakkt or Bakkt delay.
Then we retest lower levels. I think 3000 was the bottom
I expect we break just in time for Bakkt or Bakkt delay.
Then we retest lower levels. I think 3000 was the bottom
We have noticed strong buying power today.
3450 resistance became support again, which is really nice.
Fractal is playing out exactly the same again. I'm short term bullish, but we'll get confirmation tomorrow. This might also be a fakeout, to be monitored. But so far, fractals had made me a KILLLING