I'm seeing some pretty clear fractals here. I've outlines them in the chart. I expect a bounce here soon from 8k with a possible breakout of the wedge followed by a dump down to to retest the bottom. I'm thinking 5k will be the bottom. I'm new to this so please if you have any advice please let me know.
Fractals have been nearly 100% accurate since the bottom. I'm seeing a obvious fractal here and it looks like we should test the bottom unless this is rejected convincinglly. Sentiment is about as bad as it's been in years. High chance of a breakout from the wedge up into a bulltrap then back down to 6.7-7.4k.
Coming to the end of this inner falling wedge , highly unlikely we break this support/trend. We still have a ways to go to the tip of this larger falling wedge so if we don't breakout on what I am predicting will be a bounce up and out of this snaller wedge after we retest the bottom support/trend here in the next day or 2.
So depending on if we drop back below...