The answer is no while bitcoin has fell past through the trend line. I was ill confident to post the bear rectangle i spotted on the 4hr which led to a crash right through but, that's okay I wasn't banking on this meme line anyway. Now we have a daily falling wedge in action that should lead to a higher bounce promptly so 11.6k as a target. Everyone though is now eyeing 6k as a last support for Bitcoin, and its likely we capitulate off that point forming a massive double bottom. In case we don't I think this wedge will give a nice bounce to return back at 11.6k. Waiting to see what happens for now nothing else to do besides buy back in Bitcoin slowly.
According to my JOES-fractal analysis is 11.6K way to high!
I think we are going back to ~8300 this weekend...
after that a downfall to 4K!
So watch it & be carefull.
Check it out by the JOES-fractal.
pieisadope
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@cryptopaatje, I think my target of 11.6k is highly probable after breaking a wedge on the daily. It has to go up to 7.9k currently to just break the resistance trend line of the wedge rn. I don't think after hitting 7.9k from 6.8k it will only hit such a higher low. I checked out joe's fractal neat stuff ,but I don't think it applies here.
I think we are going back to ~8300 this weekend...
after that a downfall to 4K!
So watch it & be carefull.
Check it out by the JOES-fractal.