The charts are the result of a brute-force search for similar PA patterns over different timeframes in all of Bitcoin's price history. Use your human intuition to judge which of these scenarios looks the most harmonious. Some traders are able to stare at a blank chart for hours until they get a hunch, but I am not one of them. To synthesize something completely...
Fractal voodoo: imgur.com i.imgur.com i.imgur.com
SPX crash, Celsius, Terra/Luna, Binance buying 2B worth of corn to dampen the fall -- we cannot predict any of these external factors. But at this point this is what I would like to see to remain bullish on macro Bitcoin: i.imgur.com i.imgur.com i.imgur.com
The slope of the orange lines. This will be the first time where both the floor and the ceiling lines are going up. There will be less "bear" in the coming bear market, which ends in 2024.
It has been an underwhelming bull run and an underwhelming bear market to match (I don't believe in 80% corrections, the cycles are history) My (temporary) party program for the next two years: i.imgur.com
Fractal voodoo: i.imgur.com Bitcoin respect logs support: i.imgur.com i.imgur.com
Fractal voodoo: i.imgur.com Log support: i.imgur.com i.imgur.com
Fractal voodoo: i.imgur.com i.imgur.com i.imgur.com Let's try this
Fractal voodoo Last week: i.imgur.com Current: i.imgur.com
Fractal voodoo i.imgur.com i.imgur.com i.imgur.com i.imgur.com
Not a prediction. Slow markets are max pain. i.imgur.com
Fractal voodoo i.imgur.com i.imgur.com i.imgur.com
98% were long at the very top (20th Oct), no short positions left to liquidate. Bitcoin f* everyone up, in both directions. Bitcoin, don't you ever change.
Eve and Adam pattern. This weekend will be crazy -- it can dump or it can set a new ATH. I have no idea what will happen. For reference: www.forex-central.net pbs.twimg.com
Retail interest is low and we still haven't crossed the bullrun threshold on many of the Glassnode metrics. EFT will likely be postponed till 2022, buy the rumor, sell the news Looking at the last 4 years, Bitcoin is painting some kind of new paradigm in rally PA. I don't know how to work this, but I'm leaning bearish. i.imgur.com
I have no idea what's happening and don't know what to do. The last week's impulse was mainly futures-driven, macro indicators like BTC fees are still bearish. Let's try this.
Gonna try scalping with small positions -- for fun. Buy at 20-21k in sep-oct-nov or whenever it happens (if there is no black swan event) and hold for 2 years.