This fractal is taken directly from last 2017 bull cycle, roughly around the same time of the current cycle. I show the log chart areas that Im comparing on my Twitter account. Couple issues come up from this fractal if proven true or close to true. Early May is the absolute earliest time targets for so many log charts, Therefore it seems too fast to be...
Many have plotted similar log charts but I think this is the most accurate representation. I believe the middle trendline is important and we have already had the retest below so I lean towards the next large 40% pullback coming from much higher up. My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just...
These are two separate chart areas that look very similar to me so far... This last weeks price action has reminded me a lot of the $24k rising consolidation area and so far things are playing out very similarly. If these two charts keep matching... BTC may be about to blast through $60k likely to $70+ quickly then sharp dip back to $52ish then rocketship? So...
Not much else to say lol #BTC riding this channel up.. next HTF swing target $70K. Historical day no matter what happens from here.
BTC 15min looks similar to last top.. cant say for sure but not looking strong to me.
Bearish divergence on the Daily, 4hr, hourly and 15min charts... Which can mean nothing but short squeezes but Price Action feels weak with BTC back making new highs but the push not feeling as strong this time. I think longs are waiting for the big push past $50k to $60-70k but if price can even push through $50.. I think we may see a sharp fakeout like I...
Flat top forming on BTC.. bullish unless breakdown and break of old highs $42k. Ive been long and holding unless break of recent lows and then old highs out completely.
Im currently long with stop under old highs for now.. definite descending triangle so even if a break down the old highs are right below... Interesting spot.
If this #BTC trendline holds I long over $39k target $40k then highs If trendline breaks down, looking at $34k area 4hr 200ema around $34k POC should be strong support If $34k breaks down, look out below.. target daily 200ema around $24-$26k support zone #BTC, #Crypto, #holdtheline, #gme, #doge lol
This is early but the start of the pattern is there on the daily and 4hr. I will be very bullish if price bounces off bottom of triangle and of course if price breaks up out of the top it's also very Bullish. If we break to the downside however, I get very short term bearish all the way down to the daily 200ema which is the ideal long on BTC right now around...
Sometimes this means nothing but recent price action is concerning so ETH now cautiously on watch to the downside.