BTC - The Fractal Nature of Bitcoin
Updated
After reviewing and rectifying some of the mistakes I made in the past charts and by now following this fractal logic, I think we're heading for a small correction in the upcoming days, probably tomorrow. Seems to me Bitcoin will go to levels between 1195 and 1250, but quickly recover to continue up the stairway to the moon. There is a chance Bitcoin could visit 1160 but I think that's less likely, although possible.
Strong pivot point will be around May 25th. If it breaks the channel up, I expect 1800 as the first TP. If the channel is not broken, I expect a correction to 1320 at least.
Altcoins are now on the same page as Bitcoin (all bullish) which means if Bitcoin dumps and this correlation is respected, most of the important Alts will go down as well.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.
Strong pivot point will be around May 25th. If it breaks the channel up, I expect 1800 as the first TP. If the channel is not broken, I expect a correction to 1320 at least.
Altcoins are now on the same page as Bitcoin (all bullish) which means if Bitcoin dumps and this correlation is respected, most of the important Alts will go down as well.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.
Comment
Looking at the bigger picture, we can see that the channel that goes all the way back to the beginning of the bull market has smoothly worked pretty well. There is also a Gann Fan level which makes it hard for Bitcoin to continue up, at least for the moment.After the correction (if there is one), I expect it to be bullish again in less than five days.
Trade active
Current status.Trade active
Going to touch the upper resistance at any moment. I think it will dump after.Trade active
I think this is the way to the top.Trade active
We reached the top and now a descending triangle has formed. I think Bitcoin has had enough and bears have awoken. If this triangle fails to bring the price down, I think this is going parabolic up.Trade active
Price went down as expected.Comment
Trade active
BTCUSD setup.Trade active
BitKrok is hungry. Wants some Bitcoin for dinner. Will he be satisfied?Comment
If you want live updates, please check out my signature or my profile for my Telegram Group address :)Trade active
Seems like a Double Tops to me. If you have opened long positions, my advice is to close them. If it breaks up, it's going to 1800. If it doesn't, it's going to crash hard.Trade active
Has Bitcoin escaped from the jaws of BitKrok?Trade active
Bitcoin going parabolic right now. BitKrok waiting to see it reach the top.Comment
TP seems like 1800 to me. I don't see any resistance before.Trade active
Bitcoin dumped pretty strongly but recovered just as strong. Now it's back in the channel. Question is, will it hold? I'm not really sure... let's see what happens.Trade active
Bitcoin is holding very well. It's inside of a triangle and it's running to the upper side of it. I think we will see a breakout to shoot us to the 1800s in the following 48h.BitKrok is leaving. But he promises to be back this month.
Trade active
BitPumper showed up now and it's pumping BTC. I think we're going to see 1800 quite soon.Trade active
This trade still continues active. Let's see what happens.Trade active
Bull flag spotted. We're very soon to touch the 1800 FIB resistance level. If it breaks it up, next stop is 2800.Trade active
Broke the resistance and still bullish. There is no stop for BTC!Trade closed: target reached
Target reached. I think it's a good idea to sell now and go back to alts. Although we broke the 1800 FIB resistance line, I believe we're going to see a correction now.That pennant does not look very bullish to e.
Comment
2800 reached. If it keeps going up, next stop should be 3400-3500.Trade active
Top at 2800 as expected on May 25th. One of my best calls so far.Bear pennant appeared. Sell or short this asap.
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