BTC.. BEARISH CONTINUATION ?
Updated
SInce we are below the 50 DMA.. the trend below this level suggests bearish continuation targeting the 200 DMA (araound 8900$) and a possible test for double bottom (6k-7k).
I have shared two fractals :
-- the blue is the 2011 fractal which has identical levels (dip at 6$ and a fake breakout to 12$ then straight deep to 2$)
-- the yellow is the fractal of the january bull trap which suggest a resistance at 6-7K (double bottom) and then continue deeper to 4K-4.5K levels)
I have shared two fractals :
-- the blue is the 2011 fractal which has identical levels (dip at 6$ and a fake breakout to 12$ then straight deep to 2$)
-- the yellow is the fractal of the january bull trap which suggest a resistance at 6-7K (double bottom) and then continue deeper to 4K-4.5K levels)
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A return to mean and strong bounce from there suggests that all the daily moving averages has to cross and aligned around the same level for sometime (accumulation) - there was no exception for this in all the previous crashes
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so it is not only about price levels fibonaccis and other indicators .. time + price determines the daily average curvesComment
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Original sized fractal.. price ratios are the same only timeframe strecthed horizontally ..Comment
Its the weekend !! classic Saturday pumps..Sunday dumps in play..expecting a close below 200 MA for this week (Monday early hours).Comment
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Daily fractal
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dump o’ clock..its sunday !!Comment
the fractal is accurate so far.. and according to it a free fall is near around U.S. market opening (not trading advice).Comment
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I see falling “bullish” wedges everywhere !
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breaking the ice !!Comment
the 50 DMA might diverged a bit from its path to cross the 200 DMA BUT I AM NOT !always stick to your strategy dont get confused by daily swings..never fear you are missing the trade ! even if your idea/strategy fails wait until the end.. if you are convinced that the trend reversed its better to buy the breakouts than buy the hype !
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50 MA now starts from 5th of february (end of dip) which means it will go flat or slightly upward of the 200 MA ..NO Death cross UNTIL we have 5 consecutive closes below 7500 $ this week or the next week !
if the expected cross delays for another week or two bulls would gain moementum for strong bounce after a decent accumulation around 8K
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