Hello, fellow traders. As you can see over the past month we have been following a repeating fractal pattern. It's pretty incredible how a seemingly chaotic market can have such choreographed movement. Fractals can be a great guide at showing where we could go next in price if we continue it's path, but fractals can end abruptly. This is very important to know....
Looking at the 4 hour chart. BTC Is in a pivotal point at the moment, we are sandwiched between a heavy support cluster, the 0.618 fib level of the 5 waves up, and the $8000 support level. We also have resistance from the Moving averages and the top of the wedge. We are showing regular bullish divergence on the MACD but I wouldn't recommend going long based on...
I'm a beginner doing some TA, but you gotta start somehwhere so here we go. BTC had a MASSIVE amount of money pumped into the system in the past week after a consolidation period. Market sentiment is that the bull market is back from its hiatus from earlier this year. If you are thinking about going long, you may want to wait for a better price. We just seemingly...