How BTCs Main 2018 Bear-Market-Bottom-Fractal Can Finalize Anew!

2 באוג׳ 2021

Hello,

Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. In my recent research, I discovered a significant underlying fractal-pattern that Bitcoin is forming now similarly as it was already seen in the past. In the recent weeks, we have watched Bitcoin in a deliberate Accumulation Phase with Smart Money Operators pushing the prices up and down while accumulating their additional shares at bargain prices, this is why Bitcoin also emerged with this initial Sign-Of-Strength in which massive upside volatility developed resulted out of the increased short-squeezes happened in the structure. Bitcoin in these times is building a very similar structure to what already formed previously in the heavy 2018 bear-market crash with Bitcoin moved into a protracted accumulation to finally determine heavy upside volatility, such a similar situation is what Bitcoin is showing now, therefore I detected the decisive similarities and in this relation what we should consider with Bitcoin in the next determinations.

Bear-Market-Bottom-Fractal:
As it is presented and marked in my chart the main Bear-Market-Bottom-Fractal is consisting of five phases reaching from A to E all with their own characteristics and technical developments that complete the whole fractal leading to the finalization of the Pattern and building the source of these strong market dynamics.

The first phase A is the actually highly bearish highly volatile breakdown increasing massively in long liquidations and form the new lows with exceptional volume and spread, this phase now developed similarly to the initial fractal. The second phase B is the phase where the accumulation starts and smart money moves into the market while the mainstream is still tried to be kept into thinking Bitcoin will fall more, it is the phase where initial bounces in the structure occur that do not first have the strength to finally move above resistance and develop a new bull continuation, although somewhat with more market noise Bitcoin developed the phase B now very in the same form already. The next phase C is a worthwhile phase as it is marking the actual lowest low in the whole structure, in this phase smart money traps retailers with pushing the prices below the previous support while heavily accumulating at bargain prices in these zones takes place, it is what we have seen in these prices-levels, billionaires moving into the market at these zones while on the other side china Bitcoin Mining FUD is spread further, what comes after this structure lowest low in the phase is a stronger bounce to the upside again testing remaining resistance.

Once phase C has completed there comes phase D, in this phase Bitcoin remarkably increases with bullish strength as bears momentum slowing down and the structure higher low as explicated in my chart is formed with Bitcoin increasing adequately after bouncing from this zone developing the ascending-trend-line, what comes also in phase D is the pullback to the 50% to 61.8% Fibonacci-support where also the 20-EMA marked in blue is serving together with the Fibonacci-level as support, in the current structure Bitcoin is showing a highly correlated environment with the Fibonacci-levels and the 20-EMA ready to be marked as support. The last phase the phase E is where the magic happens and Bitcoin converts into the final confirmation of heavy bullish increased volatility, this has taken the shape of a massive green candlestick in the initial fractal shooting above the 65-EMA and the main structure support marked with the red dashed trendline. Bitcoin has the ability to form a very simultaneous movement in the new fractal that Is forming over the last weeks, once phase D has been fully completed it is realistic that Bitcoin when coming back to the structure support again as it was done in the initial fractal a solid bullish increased dynamic develops above the resistance with short-liquidations being the fuel for this move.

Upcoming Determinations:
With this amazing similarity in the already formed fractal compared to the current fractal there is a greater likelihood given that the current fractal continues with the remaining wave-developments as Bitcoin has done in the initial fractal. Even there is not much remaining here, in the near future we can expect the pullback to move on and test the crucial 50% to 61.8% Fibonacci-support where also the 20-EMA in blue is lying and together with the Fibonacci-support builds the support-base as it was validated in the first fractal. Once this happened and Bitcoin managed to bounce in this zone the next phase E with the expansion can be expected when Bitcoin finally closes above the main structural support. Taking all these factors into the consideration there is a reasonable potential that Bitcoin converts this whole structure into an astounding upthrust. It is necessary in such times to do not just overspeculate the market into one or the other direction as it is seen too often these times, especially when market makers try to influence public opinion, rather it is necessary to see the things going on with an objective eye to properly act when the right opportunities come up, this is also the philosophy we keep in the Elite VIP Channels and which brought us the right profitable worthwhile occasions at the right times and places. For Bitcoin now it will be interesting how this fractal develops anew and once the fractal continues as expected it is good to be prepared for the upcoming volatilities.

In this manner, thank you for watching my update-analysis about BITCOIN and its main bear-market-bottom-fractal that is now forming similarly to the initial one already completed, great when you support it with a like and follow or comment for more market insight!

Information provided is only educational and should not be used to take action in the market.