SpartaBTC
Short

BTC fractal May-June 2018 and the situation is now.

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC fractal May-June 2018 and the situation is now.
In favor of the fall:
1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.
Comment: Everything goes according to plan.
Touched the upper border of the channel with a shadow (white line) and a downward movement begins. Released on the move a large amount of Bitcoin.
Comment: http://prntscr.com/nxlo3k So far everything is moving along the fractal unfortunately .... We have come close to the important zone - the lower part of the potential "channel" if we break through the next stop in the area of $ 6800. If we hold this zone, then a potential rebound in the price range indicated on the chart
Comment: http://prntscr.com/o2d045 bounced off the indicated lower boundary of the channel after the flat along its length during the week. Work in the channel.
Comment: the fractal in the middle of the path did not work. http://prntscr.com/o635bk
Comment:
Trading in an uptrend.
While the trend is not broken about sales are not talking if you do not trade within the day.
This analysis using square of nine

if we break 6183 with 1 candle day
I will place a LONG order @5531
Reply
spot on so far ...
+1 Reply
Anoinvest MichielVan Kets
@MichielVan Kets, Yeah going well so far. Lets see if further down is comming I would say YES
+2 Reply
SpartaBTC Anoinvest
@Anoinvest , Yes, I think so
Reply
@Anoinvest , well, the fomo bulls might give it 1 last try to hit the $9k, but there are so many people now getting worried, especially those that bought at $6k before it dropped; they had a few really bad months, they're not going to wait for it to drop again, they're selling ... just a little bit, for risk management, you know ... take a bit of profit ... that's why I seriously doubt it will go above $8k again, as each time it gets close to that; people are selling ... last week they were sure they would get $9k, while now they're hoping it will touch $8k again so then quickly sell some more ...

I do think $3.2k was the bottom, that's not the problem, but what happened after that ... I call it an utter embarrassment for the bitcoin community
Reply
Interesting fractal. Would love to revisit it the future but currently agree with your reversal
Reply
I'm holding exactly the same opinion. Let's see how it plays out.
+1 Reply
yeah, the longer it goes sideways, the more it looks like a fake out, not a break out ...
Reply
SpartaBTC MichielVan Kets
@MichielVan Kets, Yes, go btc at the moment in the side in the channel. But the zone of price rebound from the specified zone in the trading idea worked exactly.
+1 Reply
@SpartaBTC, you responded to an older comment of me from last week, look for my new comment
Reply
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