Man its good to be back and wanted to start out with an idea explaining what I see as the movements we can expect from now till the top of the impending bullrun. Bitcoin is nearing its bottom at roughly 10,600 and once there we will be done with the falling and it will be time to start moving up. We got a lot of economic volatility that could cause disruption in the crypto markets, but it is my thoughts that this is all natural movement for the most part. So after our consolidation at the bottom we should see a pretty spectacular altseason as there is a ton of money waiting on the sidelines to buy in. Lets face it every price in the market now is an amazing deal. So on this leg of the bullrun I have measured it to go to approx 105k with a good chance of the mainstream jumping due to hype that it could exceed that. As always hype negates TA and the hype of bitcoin going to 100k is going to be insane. If you agree throw me a like and follow me for more ideas and concepts that keep you in the gains. - Much love to my supporters - ND
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Ascending triangle on smaller time frame that will take price to be rejected off falling wedge resistanceNota
Possible rejection point on wedge upper line Nota
If we break out of this wedge here then we are looking at 26-28kNota
If we breakout from the wedge now it will look something like this Nota
Retesting resistance should be rejected right at the targetNota
Its interesting to see the same pattern as Bitcoin in the Bitcoin Dominance chart and just as this is being rejected so will Bitcoin.Nota
This is where we are in the fractal. Vertical lines mark the beginning and present point of pattern we are repeating. Sorry for the edits I think I got it nailed down this timeNota
That may not look much the same to your eyes, but to mine it is the same. Keep in mind that the fractal is slightly warped due to the difference of time within cycles.Nota
And here is with the fractals predicted path added. Nota
One last edit As the starting point in the pattern was off on the upper portion of chart this should look betterNota
Here is a closeup of the fractal movement prediction with resistance and support lines marked. Lets see if it plays out.Nota
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I have shown short term bearish movement and wanted to cover the bullish idea as well. Here is the 3 day as I see it could play out.Nota
30 minute possible head and shoulders which could mean a retrace Nota
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The descending triangle fits better then any of the other triangles
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.