First off, sorry this may be hard to understand for some. Just taking a look and seeing what my eyes pick up. The current top and change of direction is almost exactly the same distance as the previous bottom before we broke 3k around 2250 inv h&s. Coincidence? Sure, why not. Heh.
Will any of this play out? Maybe... it did before during consolidation, why not have it happen again before we go up. Who knows. Something to remember tho, as we go higher and higher, faster, and faster, consolidation should happen quicker. This means that even if this historical fractal pattern plays out, it should happen in less time than previous.
Ill be looking to buy and scalp btc in the buy and sell areas shown.
Will any of this play out? Maybe... it did before during consolidation, why not have it happen again before we go up. Who knows. Something to remember tho, as we go higher and higher, faster, and faster, consolidation should happen quicker. This means that even if this historical fractal pattern plays out, it should happen in less time than previous.
Ill be looking to buy and scalp btc in the buy and sell areas shown.
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Sorry for the above mess, but it was merely a zoom in of the above
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it perfectly hit the box, i only cashed out a bit there, and did some scalping today on the news dropping, as usual soaked up some good panic sells. On to twitter this is going in a moment.
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lets see if btc gets saved and goes to top of the sell area, rsi almsot breaking up on the 1h divergence. weekly close tonight, daily close in 12 hours, right now a massive hammer is forming and this price range under the candle bodies has been tested for some time. lets see if we do break down or somehow gets saved. Lots of bad news from china... perhaps its priced in now... hard to say. Im a mix of fiat, alts, and btc.
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hit 3k. hopefully that low holds. either way im now mostly alts. too many to list almost 100% retraces, look to be just about turning around.
i expect higher before a decent reload zone, but it could be i expect more out of this, either way i anticipate a higher low. alts remaining strong will prove a higher low bounce is good for the mid term (ie maybe a couple weeks + of sideways or bullish play. Worst case new lows and maybe 3600-3200.