ujeqaf

ujeqaf

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ujeqaf

This idea is based on my original fractal analysis seen here: Now that I know where price topped out, I can get a better idea as to where the fractal should be. We have now seen a two red candle correction and a bounce with a green candle from the 50% retracement. If you look at a daily chart starting around April 17, 2014, you will see the same three candles....

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Bearish Gartley and daily resistance on GBPUSD. Expecting continuation to at least 1.29.

ujeqaf Updated 

The current price action appears to be respecting the 2014 fractal. I came to this conclusion using the following clues: In both 2014 and 2018, after falling below the symmetrical triangle, price was attracted back towards the apex of the triangle (which is a common occurrence in many markets). In both years, the apex of the triangle lies at about a 50%...

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Another potential diamond bottom for BTC. I have highlighted possible targets.

ujeqaf

Diamond bottom has formed for BTC. I have highlighted potential upside and downside targets.

ujeqaf Updated 

COINBASE:BTCUSD has now completed a 5 wave impulse sequence, followed by an ABCDE correction within a symmetrical triangle. We should breakout from this triangle soon, but prepare to go short if it rejects.

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BTC is currently trading within this ascending triangle. Based on statistical data, on average, a breakout occurs 61% of the way into the triangle. We are currently trading about 70% inside the triangle. This data, in addition to the low volume and volatility, all indicate that we are moving closer towards a breakout. A breakout can happen either way, but here's...

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According to Bulkowski's research, there is a 31% chance we go up and 69% chance of breaking down from this diamond top. If we breakdown, we will find support at the .618 fib level (around $7500), or $7375 (which was the previous bottom). Either way, expect some major movement within the next few hours.

ujeqaf

Using Bulkowski's 12-month moving average strategy, we can identify critical long-term pivot points. To maintain support, COINBASE:BTCUSD must close above ~$7900 by the end of June.