Its not confirmed, but the idea just materialized in my mind so it must be true
Kommentera:
Kommentera:
Bitcoin found support on ~7400 levels and bounced on daily bullish divergence. What happens next? I'm following this fractals at the moment so price may be bullish for some time before more serious drops
ALso we are still trending below ichimoku on daily which remains bearish trend still. Won't convert to real bull mode until bulls rape of that cloud
ALso we are still trending below ichimoku on daily which remains bearish trend still. Won't convert to real bull mode until bulls rape of that cloud
Kommentera:
AS history shows after breaking down through green cloud on daily timeframe, bear trend has its beginning so there is no reason to convert ful bull again untill they get back above it
Kommentera:
Cloud still as resistance so far
Kommentera:
Possible retrace with forming bearish cypher pattern and target around golden ratio at ~11k for bull move
Kommentera:
Bitcoin possible cup and handle for bull move to our primal target of 11k. Great setup in addition to my previous TA giving us better confirmation of harmonic pattern.
Kommentera:
Price correction due to crab harmonic pattern. Those are usually very sharp and long moves so it can take us to 9k or even lower.
Then we might continue drawing our previous, bigger pattern to higher peak
Then we might continue drawing our previous, bigger pattern to higher peak
Kommentera:
If 9500 won't break there is this fractal to consider
Kommentera:
Fractal was wrong but original idea is still in play. Still expecting something like that
Kommentera:
Sitting on 4hr bull divergence right now. Some bounce is expected. The decision will be made the intersection point
Kommentera:
Decision was made to the downside. The whole move down might be just to paint a continuation pattern upwards. This is diamond formation but its not confirmed. Main plan is still in play though and I expect move upwards when if price stabilize around 8500-9000 sideways then this should rocket up next month