#Bitcoin short unless breaks $6,967.4 on 4hr or $7,037.3 on 2hr
I'm short for now because price crossed one of my Bollinger trend lines , and price touched one of my lower Bollinger lines. Just for now a move back over $6,967 as indicated in the 4 hour chart or on 2 hour chart would cause me to review.
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An interesting observation that when you see two pink or blue squares hugging each other i.e. no gap the significance of the 50% point which includes the outer casing becomes more significant, much like those I captured that were useful in signalling the big tops. I may try a daily chart mash up later like I did with the 4 hour chart.
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Another interesting observation is that my Bollinger lines got within $350 of each other. Can't believe it. Got to check it again. Have a look back see what happened last time.
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So we now got two pink squares hugging each other. Outer casing not complete yet with a down arrow. Key 50% point currently $6,706.9. If outer casing gets completed with price below it becomes an interesting study if price breaks it back up. If completed with price above it becomes interesting if price breaks back down. Problem with making public all findings as they happen is that pro's immediately feed them to their Bots and the Bots do what they do best which is to upset previous stats, and reduce strategic opportunity to zero. Eight fractal coloured squares within a $1,000 range right now. WOW. What's happening down in the lower timeframes I wonder.
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I guess if you were trying to make out an H & S pattern with all those fractal squares you'd be looking at anything up to an $1,000 drop.
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Still waiting for price to complete the box mentioned above.
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Last weekends volatility I make was $791.3 c.11%.
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See my posting here "More Big Picture Williams Fractals Mashed Into Daily Bars" for my weekend update.
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New Williams Fractal magic box formed with price at top of box. Will price closing below 50% $6,991.5 mean price rise is over or just whipping up some extra energy for another leg up? Some Bot at some point (price x time = volume) will have the answer.
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I guess for a repeat double top finish like last time the price would have to rise at least to above $7,214 ? Price volatility is still within range of last weekend's. Is the weekend price of Bitcoin factoring in moves in next weeks global markets?