Bitcoin Final Touch to Bottom Fractal Continues
2019 for comparison:
The Hall and Co 2.0 trading indicator seems to be outlining the bottoming fractal (assuming we are already at the bottom). We just had the local push to 4200 area before dumping then rising somewhat to where we are now. If the bottoming fractal continues to hold true then we are going to have a slow bleed for the next month or so until we wick down to the 3200 support area. I seriously doubt it will break but we will have to wait until then before we decide to go all in at the bottom. Look for super high shorts (as high as they were when we dropped all the way from 6k to 3k), since it also seems that going against when people are heavily shorting is intelligent. Shorts are at the ATL area right now, which is where they were at just before the break to 3k from 6k.
The Hall and Co 2.0 trading indicator seems to be outlining the bottoming fractal (assuming we are already at the bottom). We just had the local push to 4200 area before dumping then rising somewhat to where we are now. If the bottoming fractal continues to hold true then we are going to have a slow bleed for the next month or so until we wick down to the 3200 support area. I seriously doubt it will break but we will have to wait until then before we decide to go all in at the bottom. Look for super high shorts (as high as they were when we dropped all the way from 6k to 3k), since it also seems that going against when people are heavily shorting is intelligent. Shorts are at the ATL area right now, which is where they were at just before the break to 3k from 6k.
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