LSL Chart Inv. H&S + Falling Wedge Test 3
What's coin on guys? I'll just leave this fractal here for you. This is inverted BTC from 2015. Similarities?
What's coin on guys? Here is an update to my previous fractal analysis. I think I see same behavior in this sideways movement as I saw in previous marked with blue circles. If I'm right this time as well, BTC may found short term bottom soon, somewhere in yellow circle area. But be carefull, this drop may be only a fractal of a big drop that is coming. One could...
Here are some similarities I'm seeing. We seem to be following exactly what happen in April. If we were to continue this it would take us up to 7.7k-8k and then we would could be expecting another downtrend.
and is TV bullish or bearish now?
BTC has been repeating similar fractals consistently. I expect this time to be no different. A break of the trendline support would lead to major nice sell off. This whole "pump" was not by bulls but rather caused by short positions being covered. Once the bulls get exhausted, price will roll over and start to fall.
Hello everyone, In my previous post I made an error in scaling the data. Now that we have a bit more of the trend available this updated chart should be a bit more accurate in terms of path. Target still stands: 11.7k Lets see if it 'roughly' follows along. If not.. well than I have to dive back in researching again. Greetings, Vincent