So what is your guess, what comes next? Fractals from multiple timeframes found along BTC charts. Final fall ahead before major bounce.
Crypto against Nasdaq - Swinging it's way down. Expecting to have hit a ceiling now - and bounce towards the downside - this type of curve channels tend to break to the downside.
That is what I am expecting and am trading right now - Expecting a bounce down to new lows - The fractal is just a representation of what's expected although I don't see it going that low - $14k area seems in the reach ( will judge that when we get there) - further lows will be left for 2023. Cheers!
Crypto has been hesitating lately - should it break out or not - consolidation has now lead into a breakout to the upside - But this doesn't convince me - I expect this breakout to be a fakeout that will drop very soon, If we cross the orange line, we will head towards the upper red line, but I personally won't trade that.
Finally taking a break, but it won't dip as low as 95-97 as many expect. Consolidation withing the descending wedge and up we go for more !
Well.. actually nothing to see here. All goes 100% as expected and expecting a bounce up from the circled area. Additionally I have underlined TrendExhaustion and RSi as they are showing signs of exhaustion - Bearish for stocks !!!
Cool fractal right ? Well, this is it - for those who like fractals - matches almost perfectly all price movements - keep monitoring it !
Doesn't repeat, but it often rhymes - don't expect this consolidation to be 1:1 - we could ramp up a bit towards +20k, but all fundamentals lead to the same ending. We need a final flush.
What do you think ? Have replicated BB settings and trendlines - according to those two, we have matched possible areas of price action, tops and bottoms. Cheers!
This is what I expect - together with my HTF idea it should lead to new lows early November.
BTC respected all curves and has now broken up - Good ! Time to retest a long-term curve at $21k. I am happy to see this, as I have been seeing a multi-week divergence already and was waiting for it to clear out - I will be bullish short term but first - we need to get rid of all retail longing until $14k. Expecting the price to bounce down hard after reaching...
You are welcome, Follow and Boost for more ideas and cheatsheets like that. Trade wisely!
So this is an indicator based on a glassnode metric that I did and don't try to read it directly in relation to the price - They are independent from each other. One thing that can be correlated though, is the behavior. Each time It has shown signs of flattening or strong bounce - it was a good time to buy. Right now we don't see neither. I'm not investing yet.
Breaking this curve could lead to a retest of 0.618 fib level + broken resistance that would act now as support - if we don't break it - we will go for a retest of last highs forming a double top or continuing the trend.
This is going down! Losing momentum after hitting wedge's target - 4h timeframe bearish - let's see where it lands. Additionally Trend Exhaustion's Whale money (white line) has hit ceiling. Bearish!
"...One way, or another, I'm gonna find ya I'm gonna meet ya, meet ya, meet ya, meet ya..."
This is the third scenario - pa along the trendline. Hasn't bounced nor broken out - we keep monitoring it. So far all shows it's gonna head down.
DXY has already broken the ascending curve - which is getting bullish for stocks - unless it consolidates and defends its supported level now. Normally I would long stocks, but If you look at the Trend Exhaustion and RSI - they haven't broke their trends - in fact they still have room. If price keeps that level until then - it may result in a bounce and...