This looks like a bottom on BTC, some are flipping bearish expecting a liquidation wick. This could fool people and trap the shorts, or we could see more longs get liquidated in a sudden fifth wave extension.
Not saying that this will happen, we may have seen the bottom, but just for fun here is an interesting idea for a fulfillment of the 42k target level which many have talked about, using a fractal idea from previously in the formation.
Here it is boys, modified version of the previous call. The artificial pumps of today because of the news are generating havok with the markets, and BTC was due for a dump before alt season officially starts.
First targets already run on what seems to be a confirmed XRP breakout. Waiting for the close of the first green candle as the daychart flips bullish on the MACD, and we've begun seeing signs of a pump earlier this morning. What will tomorrow bring? Some unforeseen tragedy? Or will XRP finally get that PAMP
Like a revenant that walks the earth and lives again, few can believe in the possibility of its existence... hated... scorned... cast out... it slakes its thirst by feeding on human blood...
From the people who brought you
DAWN OF THE PUMP
28 PUMPS LATER
PUMP OF THE LIVING DEAD
My two previous charts on BTC were woefully wrong, but here's one I think might be a little better. I'm in this one myself, although not on leverage.
As during the previous breakout, we see a breakout from the triangle and a wick touching the resistance zone represented by the purple rectangle. Previously we saw a similar kind of resistance zone on the prior...
Things have changed overnight, and what I thought was an ABC correction has turned into an ABCDE triangle, potentially followed by a false breakout and a corrective wave forming a head and shoulder to the downside if bearish market sentiment holds. After consolidation there, I think we can see more upside. Of course, BTC is notoriously hard to predict, and it...
The "b" corrective wave may have just concluded and the "c" corrective wave may begin for further downside to test support, before possibly resuming upside on a further series of impulse waves. Will it then test or break the all-time high continuing the bull run, or will we see stronger retracement? It is a time of great controversy, euphoria and FOMO from the...