Some people have argued with me that bitcoin will drop. I backed up overall bearish sentiment of the market by the relevant fractal of decline. In anyway, for btc to drop further it must enter red triggering area for bears potential dominance. But since we had to many attempts to break below the main support level of 6k and all those efforts were not showing any adequate results, I'd say it's probably time for a bullish wave. Entering green area means that we broke above the triangle which is a typical signal for all players to buy.
In case of a sudden selloff, I'd buy on bottom levels according to fractal setting.
In case of a sudden selloff, I'd buy on bottom levels according to fractal setting.
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source of the fractal:
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www.tradingview.com/chart/TorwDqCf/ fractal of decline compared to current situation
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Triggering zones for bulls and bears in terms of a potential impulsive wave (advanced)
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I really hope this scenario won't turn out to be true. :D
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Green area is the demand level
