Same Fractals And Opposite Of Others
Updated
People are either very bullish or very bearish at the moment.
Mostly there are 80% bears on tradingview.
As always the opposite happens, I think we will do something in between.
So I expect an upmove in the $9,000 range to get people to the FOMO before it goes down.
The question is, will we repeat the previous impulse after that?
Since most people, like me, do not like to read a lot of text on ideas, I will not write much.
I am the real master of desaster
Magic D. loves you
Mostly there are 80% bears on tradingview.
As always the opposite happens, I think we will do something in between.
So I expect an upmove in the $9,000 range to get people to the FOMO before it goes down.
The question is, will we repeat the previous impulse after that?
Since most people, like me, do not like to read a lot of text on ideas, I will not write much.
I am the real master of desaster
Magic D. loves you
Note
People turning bullish slowly again. Be very careful now. If we break $8,800 - ~$9,000/9,100 is next. But I don't see it going higher at the moment.
Note
People are closing their longs slowly and opening shorts. If we break 9.1k my next target is 10.2k
Note
If Bitcoin breaks 8600, next target around 8100. Mostly it will also break this area and go to 0.618 fib lvl 7800.
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.