After circling the current fractal in play as one from May - Jul 2018, I started to notice other coincidences
I marked the weekend Friday midnight to Sunday midnight with dashed vertical lines
Next I measured the height of the two pumps from the 2018 fractal
When the first pump is overlayed on the pump from 4k, it is almost the same price increase
If the next pump were to take place, the weekend would be an opportune time in which to do it
Overlaying a pump equivalent to the second 2018 pump would take us to the resistance line at 6420 which ties in with the volume peak on the volume profile you can see on the left
coincidence?
it almost looks like that is by design to encourage longs to buy the distribution
From previous studying of the volume profile and successfully using it to accurately enter and exit positions on wicks, one thing I discovered is that when the price overshoots the obvious resistance / support, it usually peaks at the next dip in the volume profile with the candle touching the price of the bar after the dip
In this instance, that bar sits at a price that has been visited many times - $6666.66
A sign from God?
Bitmex Arthur having some easter fun?
or just coincidence?
you decide...
ps. I am already short from 5300 but ready to close if necessary.
I marked the weekend Friday midnight to Sunday midnight with dashed vertical lines
Next I measured the height of the two pumps from the 2018 fractal
When the first pump is overlayed on the pump from 4k, it is almost the same price increase
If the next pump were to take place, the weekend would be an opportune time in which to do it
Overlaying a pump equivalent to the second 2018 pump would take us to the resistance line at 6420 which ties in with the volume peak on the volume profile you can see on the left
coincidence?
it almost looks like that is by design to encourage longs to buy the distribution
From previous studying of the volume profile and successfully using it to accurately enter and exit positions on wicks, one thing I discovered is that when the price overshoots the obvious resistance / support, it usually peaks at the next dip in the volume profile with the candle touching the price of the bar after the dip
In this instance, that bar sits at a price that has been visited many times - $6666.66
A sign from God?
Bitmex Arthur having some easter fun?
or just coincidence?
you decide...
ps. I am already short from 5300 but ready to close if necessary.