BTC continues following the path it set this June in the month long drop from 3000 down to 1800. I hope you were able to set buys in the previous charts short term buy zone, but it is now time to consider a short term sell, to wait and see if we will break resistance and break from this pattern, or if we will follow the pattern and see one final drop to 10-11k in the coming weeks.
Please leave any comments or ideas about this, I would love to hear your thoughts! Cheers!
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Looks like we broke out of the pattern. It was fun while it lasted!
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Very interesting to watch this continue to develop. It looks like BTC might be starting it's final move down, for the "spring" section of this period of accumulation:
Hats off to you, sir. This has been one of the most impressive analyses I've ever seen - prophetic stuff :).
AdrianZen
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still valid
Kr_Stachu
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@AdrianZieniewicz, you could be right, I hope
DrStein
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@AdrianZieniewicz, Yeah this chart is awesome. I check it everyday and I am really amazed with the similarity. The whole crypto market needed this correction in order to become healthy again. The mindless pumping of the last months was nothing but a FOMO bubble. Even dogecoin pumped...
AdrianZen
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Where's that LOVE button because I need to love this thing! Smashing fractality, my friend!
5-6 days from now...
AdrianZen
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@AdrianZieniewicz, Or maybe 7 to 8.
BitPersia
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@AdrianZieniewicz, Great chart indeed... But shouldn't it be a reason for it to go down like this?
I sold the dip I've bought at 11.5 to get some cheaper btc for longterm however it didn't go down since then...
mkhaytman
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@hamidikia.ali, yes if this pattern holds up, we may indeed see it go down in the coming weeks.
Maximilian108
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great charting, looking for that inverted H&S so I can relax a bit XD
There is a smaller inverted head and shoulders nested within the middle of the dip as well... 30 minute candles i think.
DrStein
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Also...3 black crows - 4H chart...probably this is it. The funny thing is that I am sure that I read somewhere (probably here...) that the big drop might happen at mid January and since then I advised all my friends not to buy anything untill 16th of January :) :) :)