Repeat of (March 2020) possible ~ $6000 to downside (yearly top)
מעודכן
-Yurlo
Please hit that like button for creating this interesting fractal from March 2020 👍
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for
BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.
If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
Please hit that like button for creating this interesting fractal from March 2020 👍
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for
BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
עסקה פעילה
This is today & how the fractal would play out from March 2020 if it does happen present in September 2020:#1: $4000
USD drop (we've done $2000) ~ which would take us to $8500 from the potentially yearly top.#2: $2000 USD drop (this would take us from $8500 - $6500)
From there I'll buy every dip & build a long term position.
~if this fractal from March 2020 plays out, and the bottom is not in which I feel is not because nobody gets over 6 days to magically catch the bottom.
Just my perspective, and just a thought. It might not play out, but it was cool making and I had some fun in the process.
עסקה פעילה
If this plays out we should start to drop fast & rapidly in the next 24 - 48 hours ~עסקה פעילה
Stoch RSI going EXACTLY as predicted back when I drew this on September 7th.
הערה
A year after halving (2016 halving) ~ followed by 2017 pump. Then (2020 halving) followed by 2021 pump. In other words we aren’t going to ATH’s in 2020. Few understand.
כתב ויתור
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