Fractal Breaking Point
I’ve been waiting for this moment. 4hr chart stating to show bullish reversal divergence. Although, honestly I’m not confident with the 40k bounce. Why…
- right angle triangle pattern (continuation- bearish )
- 6 touches on 40k. Some might think that’s bullish , but the more touches a figure gets, that shows me weakness. So I’m saying 40k might be weak. Although, 38k is much stronger
- a break below 35k is horribly bearish . So I’m looking for bounces between 35-40k in order to remain bullish in the (short/mid/long) term
- daily RSI chart looking for support, and it’s floating (meaning that it hasn’t hit support
Yet)
- 3 soldiers candle pattern on the daily ( bearish)
Although…
- hidden bullish divergence on the 4hr/daily/weekly
…like I said, this is breaking point. 38-40k is where the big BTC /ALT turning point is.
What’s fractal am I talking about:
Wyckoff accumulation fractal
Compare the daily Wyckoff (from the last ATH) with the 1hr Wyckoff (from the last local high (I.e. recent pump). You may notice that we are close to the bottom of the fractal , which means decision time.
Despite being unconfidently bullish , it is a coincidence that so many alts are showing cup and handle bullish patterns . And from my gut feeling, I find this odd. Possibly because I expect the BTC fractal to continue to break down (to lower highs). Of course ALTS can’t break higher till BTC does. So, I’m combining my ALT prediction with my BTC prediction.
If I could sum it up I would say
- BTC is looking bearish
- ALTS are looking bullish
- I called a shake out when BTC dumped from 64-38 and I stand by my call (see previous publications). So if this is a shake out, expect a 100kBTC.
- even though BTC is beginning to show signs of reversal ( bullish ), it’s still and early call in my book. Although, there is some probability that BTC will bounce here, I’m buying, because 35-38k BTC is not much better then 40k BTC . So, hear it first here, if your waiting for a lower buy, you might be waiting for a long time. But, I really do expect high 38’s to get hit at least one more time.
Note: I’ve already committed to a bear market, meaning that if BTC and ALTS go down for the next few years, I’m not selling. I’ve got 90% of my coins staked, the bear market is an opportunity to accumulate interest.
If you missed it…
the place to sell was 50k
The place to buy was 40k
If BTC breaks 35k, guarantee yourself a long painful bear market, or stake your coins and check back in later.
So, from here, a perfect play for me would be dump to 38, and bounce to 50+
I’m 50% bullish (because of alts)
40% lightly bearish because of fractals and RSI
10% sideways
- right angle triangle pattern (continuation- bearish )
- 6 touches on 40k. Some might think that’s bullish , but the more touches a figure gets, that shows me weakness. So I’m saying 40k might be weak. Although, 38k is much stronger
- a break below 35k is horribly bearish . So I’m looking for bounces between 35-40k in order to remain bullish in the (short/mid/long) term
- daily RSI chart looking for support, and it’s floating (meaning that it hasn’t hit support
Yet)
- 3 soldiers candle pattern on the daily ( bearish)
Although…
- hidden bullish divergence on the 4hr/daily/weekly
…like I said, this is breaking point. 38-40k is where the big BTC /ALT turning point is.
What’s fractal am I talking about:
Wyckoff accumulation fractal
Compare the daily Wyckoff (from the last ATH) with the 1hr Wyckoff (from the last local high (I.e. recent pump). You may notice that we are close to the bottom of the fractal , which means decision time.
Despite being unconfidently bullish , it is a coincidence that so many alts are showing cup and handle bullish patterns . And from my gut feeling, I find this odd. Possibly because I expect the BTC fractal to continue to break down (to lower highs). Of course ALTS can’t break higher till BTC does. So, I’m combining my ALT prediction with my BTC prediction.
If I could sum it up I would say
- BTC is looking bearish
- ALTS are looking bullish
- I called a shake out when BTC dumped from 64-38 and I stand by my call (see previous publications). So if this is a shake out, expect a 100kBTC.
- even though BTC is beginning to show signs of reversal ( bullish ), it’s still and early call in my book. Although, there is some probability that BTC will bounce here, I’m buying, because 35-38k BTC is not much better then 40k BTC . So, hear it first here, if your waiting for a lower buy, you might be waiting for a long time. But, I really do expect high 38’s to get hit at least one more time.
Note: I’ve already committed to a bear market, meaning that if BTC and ALTS go down for the next few years, I’m not selling. I’ve got 90% of my coins staked, the bear market is an opportunity to accumulate interest.
If you missed it…
the place to sell was 50k
The place to buy was 40k
If BTC breaks 35k, guarantee yourself a long painful bear market, or stake your coins and check back in later.
So, from here, a perfect play for me would be dump to 38, and bounce to 50+
I’m 50% bullish (because of alts)
40% lightly bearish because of fractals and RSI
10% sideways
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