ewoudp

ewoudp

A bottom can only remain a bottom as long as both sides of the story propagate with the same path. When the symmetry of the path is broken a new tale begins. Now, when you consider the fractal nature of H&S patterns, you can see that the future will bring many potential neck line threshold that have to be conquered. I have projected the path of the "west side of...

ewoudp Updated 

I love fractals, I love symmetry. If you look at the pattern after the H&S pattern, there is an opportunity to break from the perfectly symmetrical path from the past 4 days, within the square. (compare the two arrows to spot the differences that might be developing!). If the symmetry is broken, something new and exciting will happen!

ewoudp Updated 

After being pushed down by the H&S trend line, BTC is now reluctantly strolling between 8k en 9k, unsure what to do with it's life. It seems to be triangulating towards a 8400 equilibrium, with increasingly smaller bounces. The first one might be 8000, but there are few signals and no volume. Brave is the one that shorts on this narrow leverage.

ewoudp Updated 

BTC is about to test the neckline of the larger H&S pattern. There are signals of bullish divergence in the MACD. Charters have been declaring retesting the 6k range, then 7k range. Now in the end, will there be any retesting!? I feel the H&S neckline will be important, the apprehension of which can be done in the next few hours!

ewoudp Updated 

The path after the dip was forming in a symmetrical fashion (within the square), but does seem to break from symmetry (arrow). A head-and-shoulder pattern can be seen , but does not reach the target of the left shoulder and seems slope down, potentially giving birth to a new wave. Might there be an opportunity to short at 3? Who will tell, I am a medical doctor,...

ewoudp Updated 

The depicted head-and-should pattern provides an opportunity for (temporarily) reversing the trend of $BTC , adding the prospect of a bull market! Of course nothing is unconditional and a 9400 head (at least) would be required. We closely watch the fib retracement levels for a reasonable outcome.. stay tuned!