Wow, November a great month for everyone who was involved in finance on the bull side.
Note: Fractal on December 2nd, which is today. Lets see what it will bring. Since, I don't see any fractals for the rest of December.
How does the December is looking? Well if you look careful at my chart, I want you to notice the similarity in the formation of the fractal that may play out again that we saw back in 2019 in early May.
So let's try to make my case in short form as possible:
1. Similar fractal as 2019 that started in April 2. Long term MA crossed in Nov, 2020, similar to 2019 MAY, except it is a deeper bull market. 3. If fractal is true, then it means that 20k BTC is going to be broken, and this is just a stalling and coins shifting hands that are getting ready to push BTC to new ATH. 4: Volumes allso matching the fractals. 5: 50EMA is still below price and trendline is not yet broken, so whatever is happening now is not a bear. Thus, those that hold now are going to be rewarded. 6: If you think btc at 20k is FOMO, then if we look back to 2018, you can see we are not even close to FOMO prices.
Wohoo, now, I got a lot more lines than usual, but I hope u see what I am trying to say here. I hope it plays out similar.
___REVIEW____ Since, i have once again lost all of my fractals and TA from October and November, we need to look at both of them to see how we have been doing. --------------NOVEMBER-------------------------------------------------- ---------------OCTOBER------------------------------ ----------------------------------------------------------------- As we can see, we have accurately estimated price projection for the October, from October though we expected for November the price to stall and push higher. When November came, price looked like it is heading into range, and even a possible correction.
However, with a pleasant surprise crypto market took off. You know me guys, I am long on the future and future is crypto!
Looks like, as I post this, We are landing on a fractal. And if my analysis i correct , we should close higher by Friday, but lets see, this could be a bear fractal and it would suck.
**LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion