We finally broke up of this long boring triangle as seen here in this zoom out of the current chart:
Bulls:
After rearranging the fractal and aligning it properly with our current triangle we can see that we broke out and blew past $435 resistance.
The accumulation being over, and no sellers/bears to be found anymore, we are not heading towards $452-460 initially from which we will go down from to retest $435-440 and confirm it as support on the 4H for the bulls to continue the megabull cycle to the "moon".
From there we have several potential targets but the fractal goes to $8100 per BTC.
My more conservative targets are: $680-700 and $1200-950 and $2500
Bears:
Nothing for the bears right now unless we break down under $420. I recommend to put your stop loss at $415 just in case. If I see a change I will first post on my twitter account and then follow up with a new chart on Trading View.
I am here to help. Feel free to ask me questions or Private Message me directly.
You can support me by joining under my referral any of the above Bitcoin exchange. If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! Other Fractal Charts I am working on:
評論
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Current progress on the 1D, first target reached at $450-455 Bitfinex. Lets see if we do get to top here temporarily and retrace down to $441-439 before we continue up!
評論
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Updating fractal progress - zooming in on the chart - expect a retrace on the 4H before more up:
交易結束：達到停損點
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Closed trade as Bitcoin failed to rally in a timely manner.
Waiting on the sideline in fiat for now.
Will publish chart with bear and bull scenario in due time.