BTC still following the same pattern

17 thg 8, 2020

Hi fellas!
In the previous update I talked about a fractal from the previous wave which turned out to work out pretty accurately! Here's the idea:

I don't usually believe in fractals, but this time I have reasons to believe the same scenario is still in play and we're not done with the fractal I talked about in the previous idea just yet.
So I see a strong rejection from 12300-12400 level (which is a pretty strong resistance btw) in the upcoming hours, and then a convergence to levels around 11700 to 11300. I think we're gonna have some boring weeks with little volatility again. Ugh...

IF the fractal plays nice, I'll have a lot to say about the next wave!
Stay tuned!

17 thg 8, 2020

Ghi chú

Hey, by the way! There's also a CME Gap to be filled at 11715. It makes the strong rejection scenario make more sense!

18 thg 8, 2020

Giao dịch đang hoạt động

18 thg 8, 2020

Ghi chú

Target achieved.

19 thg 8, 2020

Ghi chú

CME gap at 11715 just closed.

22 thg 8, 2020

Đóng lệnh: đạt mục tiêu

Second target reached.

2 thg 9, 2020

Ghi chú

BTC has perfectly followed the blue line up to now! But I have reasons to believe this is how far the fractal stays in play. I expect BTC to go lower now. Follow this idea to find out the logic behind this assumption.