AST / BTC update because I was a bit lazy and posted the last chart a bit too hastily. Here is the proper analyzing for where we are at. I am not going to post these smaller scale analyzes much because of the error-margin. But here we have two scenarios that can play out. Hopefully this will help out some of you to pick entries.
Check my previous larger scale chart for the big picture. This is just an update on a smaller scale. I think we completed one 5 wave structure with and extended 5th wave and we are going to correct now before continuing upwards.
After watching the slowing down of Bitcoin, it seems a pull-back is inevitable. Target= red box area.
Bitcoin started the bull-run, target #1 was hit and fractal-wise it is starting to look like its time for the pull-back.
I am updating my chart a little bit, I adjusted the target. 45k-50k seems more like it before a pull-back. Right now Bitcoin is once again fooling traders by stopping at the most likely resistance. Some side-ways movement ahead of us before we continue higher.
I cant see this train stopping yet. We are going to hit 50-55k area before a bigger pull-back. This will form the fist wave when the pull-back happens. Fractal can be seen in lower time-frames (5min) for example.
Since we are still hanging and clinging above 30k, I am returning back to this idea where there is still slight chance of heading up without the leg-down first. If we go past 36k one more time I am convinced that there wont be no leg down anymore. I feel obligated to post this as I was sure of the leg down a week ago.
Yeah, I see everyone waiting for the wyck-off. I have seen this pattern before. Reminds of that year 2018 when something big happened. It just happened to the wrong direction. Posting this if you can see the resemblance. But yeah, it looks like a wyckoff I admit.
Sorry about the last chart, I posted this same already but the arrows got too big so re-posting with smaller arrows so it makes more sense. Seems like in 2 weeks time-span we should have this over with and we can start to prepare for the bull-run again.
After waiting and waiting and seeing we are still going sideways it starts to seem like we are going to do one leg lower before the next bull-run. There are similarities if you compare this to the 2017-2018 bear-market and the final leg down is still waiting. On top of that, if you compare this to Golds fractal you can see ton of similarities too. Somebody posted...
I am posting this chart too, since there definitely is 2 scenarios that can play out here. After studying some other data and seeing how short positions have spiked very high this could also mean that there is absolutely no reason to visit 25k before continuing this rally up. The longer the price holds in this 30-40k range the more people are going to jump in to...