When drawing fractals you need to consider every section, not just the bear market duration of the last blowoff.
The last blowoff timeframe is not applicable to the bear market now because the duration and intensity of the previous bull run was NOT the same as the 2017 bull run.
The fractal must be adjusted appropriately for a maturing market moving forward as...
The "market cycle bubble" drawing exists for a reason.
Would you long this, or short this?
Flip your chart upside down
Study the log
Find despair and return to the mean
Be honest with yourself
Capitulation is when everybody is jumping offboard, even you. Yes you, mr. trading genius.
be ready for under $1000 when it inevitably happens.
... for now.
As part of our forecast, I noticed something within all the barts all the TK's all the MA's all the garbage, there's a pretty peculiar reverse cup'n handle in plain site.
Take a quick look at BTCUSDSHORTS and tell me that isn't a cup n handle. Now take a look at this TA.
Victor, domp eeet!
There are so many conflicting factors this week I...
After a nasty Head n Shoulders and a clear rejection at the trend line, we fell.
We fell right through the 50MA. + rejected again at the 100MA after a death cross. This is as bearish as it gets.
Looks like we are heading toward 7600 or 6800 - will another huge buy in save the day?
Who cares, I am still tethered. Alts beware.