This is a fractal i found on the 1h TF, on BTC on march deep correction, and i compared it with the current market situation. all i can say is that the correction seems to be over, while everyone is still waiting for a deep dive, maybe it is time to buy.
This is a defi project with low supply and similar fractal to dash in 2017, chart similarities and low supply showing a bullish case that could send this coin above 1000$ very soon, note that it is about 10 times faster than DASH.
This has been a very interesting chart, and its obviously a very interesting project. FA behind it is very strong, and the upside potential popped my eyes, its around 6x and 60x, i have seen coins pump like this in 2017 so its no surprise to see that again, if it stays above resistance it will start pushing up harder soon. TRADE SAFE
I only see 2 targets for bitcoin, 50K by the end of 2019, and 1,000,000 $ by the end of 2020. i wish i kept all my bitcoins, i wasted most of them on alts.
both techniques showing we are finishing the bear market, but since that doesn't happen over night it might take a while. yearly lows are still intact, this is why i`m short term bearish. hopefully we will recover fast after taking the yearly lows.
This is starting to look more and more like 2014. if this is the bear market continuation, i will expect a retest of the previous bull market hight of 2013 which was 1000$. scary and i hate it, but its possible.
BTC weekly is under 50MA, 1D is under 200MA and it retested back from under, the last time that happened bear market continued down. if this is about to happen again.
next support if we break down is the 100MA
