Felix000

#bitcoin higher high if hold trend line & higher fib support Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Update on previous posting. Looking at all the outcomes A,B, or, C, I think best chance of bitcoin             making higher highs (scenario A) will be if it can hold trend line & higher fib supports in forming this next Williams Fractal low.
Comment: Note: By higher fib. supports I am including the 50% retrace.
Comment: Note: Trend line and fib support thinking is a bit of guess work from studying previous scenarios.
Comment: Note: The MACD should also remain above zero to be in with a chance of making higher highs based on previous scenarios.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY TO ALL THE ABOVE. DO YOUR OWN RESEARCH.
Comment: Check this out. Take a Williams Fractal high and then note the days after when you get both a red candle in bitcoin as well as gold. I think you'll find that this drop is not going to end with a low today but most likely tomorrow, and at most the day after

NOT ADVICE ALL STANDARD DISCLAIMERS APPLY. DO TOUR OWN RESEARCH.
Comment: My analysis done using the chart of gold that we would see a lower low yesterday July 10th did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.
Comment: Error in above comment. By yesterday I meant July 11th.
Comment: The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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