This my my view for the current state of BTC. 11.089 fib is a KILLER of momentum, if we pierce through it, idea is invalidated. If it gets rejected, we will see a new low.
The triple top on the golden fib marks the LPSY. We might see a pierce through the 1k Golden fib without barely resistance and come back to retest it as resistance. First Major stop at 600~. Major Bottom at 400¬
I believe tesla is entering a redistribution patter, pure wyckoff style. Dreamland for swing traders.
My target for eth is between 400 (Double Golden FIB) and 648. Good luck and have patience.
25 bucks is my entry. This post is dedicated to all MUSK lovers and ball kissers. Keep getting lied on, I love it.
This is my outlook for BTC in 2023, an accumulation year.
Link experienced a textbook bubble, therefore I assume a textbook recovery can proceed. The best levels to buy are highlighted in green I will post updates.
The chart is self explanatory. I don't like explaining what is in the charts! But if you have any doubts or questions, these I do like explaining and answering.
Lets see how this idea plays out, this is looking like redistribution pattern.
Textbook redistribution pattern playing out, final capitulation and further accumulation ahead.
We see a sign of strengh breaking out from the Buying climax The path is clear
Does this pattern remember you of the biggest distribution in BTC? Well it is because the same pattern is now playing out, but upside down. Major, I repeat, major short squeeze incoming. Maybe? Hopefully.
The chart speaks by itself We might retest the 11.089 golden fib in a spring event before trend reversal, or maybe the last ST was the last test. Stay Safe - Go long
Looking at the past downtrend we saw a False bullish brakeout from the descending trendline and a liquidation event took place. Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish. I expect a Liquidation of shorts in the upcoming hours. Lets see how it plays out.
I previously posted about a fractal that is playing out. I am now providing an update as I belive this next pattern will stick to the plan. NOT FINANCIAL ADVICE** If you make money with this trades, consider supporting: BTC: 16WjLPiSVhWZXNFtRzRR2mwGk8VuhPoGKA ETH: 0x8e38f9234b8043e12c19f3ca37c9d2de25b2b291
I do not expect fractals to play out exactly the same way, but this one is doing it so far... Extremely interesting and I think I'll try to trade it. Trade along at you own risk. R-F
Looking at past fractals this could happen. NOT at all financial advise, publishing mostly for myself to look whether the research done to achieve this post was good or not.
Retesting previous Fib Levels, on a descending broadening wedge. I expect an impulsive move to the 1.618 GOLD FIB if the bounce is successful.