I just watched the exact same pattern play out on the
BTCUSD
minute chart as the macro of what Bitcoin is now. This is what market charts and pattern do. They're fractal, through and through. Please see the minute chart here:
From that, we can generate a prediction. Using the same ratios and movement patterns, we can call
XBTUSD.P
going to about $12,840 before taking a dive to new lows. This is of course not 100% guaranteed to happen but I would assign a fairly high probability to it, given what we're seeing on the micro-scale.
BTCUSD
minute chart as the macro of what Bitcoin is now. This is what market charts and pattern do. They're fractal, through and through. Please see the minute chart here:
From that, we can generate a prediction. Using the same ratios and movement patterns, we can call
XBTUSD.P
going to about $12,840 before taking a dive to new lows. This is of course not 100% guaranteed to happen but I would assign a fairly high probability to it, given what we're seeing on the micro-scale.
Trade closed: stop reached:
It all went so terribly wrong.
