I will buy only if bulls somehow manage to break the 10k wall of Gondor. If they wont do it soon my plan is on the chart
Note
We have bull div on 4hr timeframe which was not present on the fractal I was following. That means the fractal here might be compromised but I want to see bulls breaking through 4hr red cloud first as a confirmation of not following the fractalNote
Some bounce should happen from 7600 or 7800Note
Last wave have just started. It should be over around this green circle. My best guess for now is 6900 as it is intersection of many lines and indicators. Good luck catching it then for a nice bounce to around 7800Note
Possible bitcoin reversalBulls showed up earlier and drop missed my green circle target only about $100.
Daily candle looks promising. It will probably close as engulfing patern which confirms reversal. We can see some little pullback soon to refuel the rocket and continue up to 7800-8000. In case we drop lower than 7300 we can still see test of 6900
Note
Good buy signals are showing up. We can rally to 7800-8200, 8500 is max I think for nowNote
Next month is bull to ~7000-7500Note
Bulls succesfully changed the route of fractal (for now) but still need to defeat the green downtrend line (green) to escape from the path of doomNote
The line still act as resistance (green) + we have "9" on TD daily. Also 0.618 retracement of previous big downtrend wave. If break above it has room to 10k I think. Breaking 10k would be sign to continue the big bull run. Until that happens I will be still bearish until price reach that red uptrend line but for now lets see if bulls can break thisNote
Update to my followers and this idea. Price changed course of fractal and I rethinked the idea. Here is my update to it which is now more likely the previous onethe idea comes from the fractal I found but it also points to lower levels later which creates a parallel channel on long term waves. Not sure about it (very low) but it looks like something to have in mind
short-term look
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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.