I still believe that we are bearish medium & long term, and that won't change unless we go down to a level that can create meaningful divergences. I started to see a pattern with Bitcoin PA that aligns with a curved pattern. When charting it out, it actually makes sense and coincides with my fractal that I previously published. What do you guys think? If...
Since my first post, the resemblance becomes increasingly similar. The PA is making the exact same moves as the previous dump. As some of you thought it was interesting, I cleaned the chart up and made it a little more presentable. We are currently on a small run up from the TD9 dump. Which is attracting moonboys calling for reversal. If this fractal...
The last few weeks we have seen this happen several times. So the likelihood this is just another scam wick is high in my opinion. More interestingly, we may have some new interesting formations starting to form, like the double diamond and double H&S. (Use your imagination) If you found this interesting, please be sure to hit the like button. Thanks for...
To add to my Double Trouble analysis, we are now seeing a Diamond Formation with the latest PA. Measured move of Bear Flag is now 4226 4H/Daily shows a bigger Diamond formation from the previous 10.5k high The diamond formation is a signal for reversal of the uptrend. I am expecting further lows to create meaningful divergence before the halving run to...
Not the cleanest H&S but it covers the criteria. In parallel, the recent dump also created a bear flag formation. Measured move to previous support level around 6200. Full measured move of the head to neckline would bring us down to 5921 Measured move for Bear Flag would bring us to 6025 Furthermore, I recently published an idea that showed...
Support for this idea: - Declining volume on the run up - Similar price action between Feb 12/13 & today - TD9 on both days - Godmode indicator about to cross RSI which could strengthen downward pressure - Don't forget the bearish cross as well as global economic situation