This is a fractal from over two months ago. It's pretty crazy how close it's been to what has transpired. I don't necessarily think it's going below 30 some cents, but the fractal definitely indicates a big drop coming. It will be interesting to see it play out. If you look back, it's been very close to predicting movement for the last 2+ months.
Note
if you see the white circle, that is where we are currentlyNote
The one in yellow is more short term an was taken within the last couple of weeks. It also indicates a drop comingNote
Still active and tracking quite well. My buy zone is .28 and lowerNote
Still ActiveNote
still waiting for a drop below .32Note
Still activeNote
We are near the buy zone. Although I believe it will go lower, it's not a horrible time to DCA. It could go all the way down to support at .23, but these moves can take time.Note
.28 and change hitNote
below .28, buy zone hit!Note
When the trolls come out in force, check other bearish YouTube and analysis, you know you are on the right path. Good time to DCA and accumulate, but could very well go to .23-.24 area. One thing I've learned over the years, it's nearly impossible to catch the exact bottom or top, so just buy and hodl at resistance and stop trying to be perfect.Note
meant to say buy at support ;), but I think you all knowTrade closed: target reached
target reached but look for a possible lower to .23 / .24 with wicks potentially lower if and when BTC dumps more in the coming days/weeks.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.