BTC/USD / XBTUSD Fractal Compression, Building Momentum Long
Quick rundown of my current BTCUSD / XBTUSD thoughts. For months I've been waiting for my AI forecast to play out. Looking at the chart now I see several signs that we're in fractal compression waves which will expand to previous highs. I'm not saying it will happen in this run but it becomes more and more likely the more it compresses. It must eventually expand and it will expand up. How do I know? The chart is fractal. This means that the smaller patterns make up the one larger pattern. If you zoom down to smaller timeframes, Bitcoin is constantly showing you what it's going to do when it expands. It makes the fractal cups over and over again, compressing as it goes until it can't compress any further and then it expands, completing the cup / rounding-bottom / whatever. We also have the classic M and W patters. These are also fractal and very healthy for the overall picture.
EMA Target & Trigger shows we're going to do a return to mean and that we're coming off oversold. We should then have a cross to the upside and a nice rally. Will it hit resistance and come back down? Maybe but as I said, only so much of that can happen. I assign about a 90% probability to the cup rounding out. I assign about a 50% probability that will break out this time past resistance. I would say that from here on, each time we get rejected and come down, that probability will increase by about 15-20%. We also see longs vs shorts indicator showing shorts on top. This always signifies a bull run is incoming as soon as it crosses back down. That should have some pretty good momentum behind it.
I know it's really difficult to look at a down-trending market that has recent FUD and say to yourself "That's going to triple in price" (AI has it quadrupling) but think about it. Most people never expect it. What's weird too is that when people look at the chart patterns after the fact, the runs always match up with some fundamentals, even though the patterns started before the fundamentals were announced. Marketception Matrix Mandela Effect? Maybe.
Some more supporting evidence:
Very exciting chart. Can't wait to see what happens :)
EMA Target & Trigger shows we're going to do a return to mean and that we're coming off oversold. We should then have a cross to the upside and a nice rally. Will it hit resistance and come back down? Maybe but as I said, only so much of that can happen. I assign about a 90% probability to the cup rounding out. I assign about a 50% probability that will break out this time past resistance. I would say that from here on, each time we get rejected and come down, that probability will increase by about 15-20%. We also see longs vs shorts indicator showing shorts on top. This always signifies a bull run is incoming as soon as it crosses back down. That should have some pretty good momentum behind it.
I know it's really difficult to look at a down-trending market that has recent FUD and say to yourself "That's going to triple in price" (AI has it quadrupling) but think about it. Most people never expect it. What's weird too is that when people look at the chart patterns after the fact, the runs always match up with some fundamentals, even though the patterns started before the fundamentals were announced. Marketception Matrix Mandela Effect? Maybe.
Some more supporting evidence:
Very exciting chart. Can't wait to see what happens :)
Trade active:
The pattern is now very closely matching up. Could we still bounce around and compress some more? Yes, of course but check this out.
This is the Bitcoin chart from the big run:
This is the Bitcoin chart right now:
Look closely at the patterns. What's so important about that? The first chart is the 12 hour chart and the second is the 1 minute chart! remarkable.
This is the Bitcoin chart from the big run:
This is the Bitcoin chart right now:
Look closely at the patterns. What's so important about that? The first chart is the 12 hour chart and the second is the 1 minute chart! remarkable.
Trade active:
Just hit the play button.
Trade active:
2 months ago I posted this. Look how it has matched up. Of course, sentiment is low but sentiment changes quickly to play out the patterns at hand and visa-versa. It's cosmic. We all know it to be true, the anomalies.
Comment:
Still playing out nicely. Clearly nearing the end of the compression wave.
Trade closed: stop reached:
It all went so terribly wrong.