Bitcoin is forming a cup and handle on lower time-frames. However I am still looking at this fractal and expecting a pull-back in price. This zone is a no-trading zone for me, unless you are already in a long position and want to wait. I would try to look for a long position after the next retrace in price.
So BTC is forming a cup and handle looking pattern and been hanging from its ball-sacks in this zone so long that its absolutely boring. Im posting this other fractal just in case we manage to push through this top here and continue upwards for anyone who is interested in fractals.
I have 2 potential fractals that we are following. Other one is this I just posted and here is a screenshot of the other one:
You be the judge, never trade solely based on one fractal. If the fractals line up or one is "disproved" you have a good change entering a profitable trade.
I have been following the bullish fractal from last year and we have been moving accordingly to it. However, there are other fractals that can match this scenario here and here is one. This fractal would make sense because I believe the biggest supply/demand area is around 5k at the moment. So currently I am not bullish/bearish I am still neutral and waiting to...
Mapped out the fractal for you. It has been following the bullish fractal once again all the time. The movements are slightly different in size and shape but I have been watching this closely for weeks. Everything connects here, at some points I have been almost on the side that the fractal is failing but it has not failed. This last pump is rightly on point if...
The struggle is real, bulls keep on squeezing. I am not bullish on Bitcoin at this point. The volume stinks and is getting lower and lower but the price is moving up. I see two potential targets before the bears step in. It looks like bearsss are luring in buyers with this move upwards but it looks so weak. I am not bullish until we past the resistance at...
So the bulls are squeezing up, volume is really low. Possible that the bulls are able push one leg up here and squeeze to the next resistance level. This pattern has been in play before on Bitcoin and after this the price has dumped. Will have to see the price action after hitting the next sell-zone.
Fib time-lines pointing that break will happen after this weekend. Good luck guys, god speed!!
Edit. As you cant pinpoint the exact date with Fib-Time Lines, lets say most likely at the end of this week or beginning of next week :)
Second Edit. Also to say which direction the break out will happen, you cant tell with Fib Time-Lines. You need other TA methods for...
WIZARD OF FARTS AND CHARTS HERE
Data is currently still very limited and me personally I am just waiting for things to develop a bit further.
But here is something I have been thinking about. People are still sure we dump down to 7.6 levels, I am not, sorry.
Bullish mode, check the chart and maybe this will give some new way of thinking .