This is a view of the logarithmic price time view of btc with the fractal from previous ATH bull run.
Looking like it wants up again, RSI turning up, Bounce on ICHI cloud lagging span and getting ready to move here after the weekly closes. Moon phases are holding price back but will have solid movement by the 22nd of December and will peak around the 5th day of the new year. I also expect to see a heavy correction for the rest of Q1, gearing up for strong movement...
Here is a fractal layout of bitcoin crash cycle from previous bear market.
What appears to be an ascending wedge here. Broke underneath the wedge in lower time frames so this could be a last test before a move downward, but I am including the possibility of a breakout above the 200 MA ( strong resistance/needs volume).
Ascending wedge has broken out on the 4 hours into strong resistance here at the 200 day MA notated in red. Will continue to update. First target 680 sats.
These are some areas of attention that I'd like to point out for future reference...
Very bullish wedge here. Broke through resistance at the .382 fib after shaking out the weak hands and trapping shorters. Also if you look at the monthly the sight of the hammer/wick has me very bullish as well. Monthly close above $11,500 will send us towards the red box for my first target of the year.
Qwark loads will be available tomorrow and this is starting to look more bullish against the USD.
Never traded the diamond bottom pattern personally, but that's what this chart is starting to show signs off.
All this talk of people who are overly bullish..... I don't see much of a reason not to be.
It can't be that easy for the come up. Many people will either jump ship or learn the art of the hodl.... Expecting alts to boom while they have the extra room to run.
Big news coming out from the $QWARK team in the next few weeks. Higher low in and stochastic aiming up.
super bull again long term....
Looking good with some decent support. Elder strategy shows the intense washing going on here, jets should be fueling for next leg up.
Institutional money typically only buys at the .382 levels, so they may finally get their buys filled.
The more this chart pans out, the more it reveals about its past fractal cycles... mkt cap to $.5b+ in the coming months