BTC.. BEARISH CONTINUATION ?

已更新

SInce we are below the 50 DMA.. the trend below this level suggests bearish continuation targeting the 200 DMA (araound 8900$) and a possible test for double bottom (6k-7k).

I have shared two fractals :
-- the blue is the 2011 fractal which has identical levels (dip at 6$ and a fake breakout to 12$ then straight deep to 2$)
-- the yellow is the fractal of the january bull trap which suggest a resistance at 6-7K (double bottom) and then continue deeper to 4K-4.5K levels)

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A return to mean and strong bounce from there suggests that all the daily moving averages has to cross and aligned around the same level for sometime (accumulation)

- there was no exception for this in all the previous crashes

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so it is not only about price levels fibonaccis and other indicators .. time + price determines the daily average curves

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Original sized fractal.. price ratios are the same only timeframe strecthed horizontally ..

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Its the weekend !! classic Saturday pumps..Sunday dumps in play..expecting a close below 200 MA for this week (Monday early hours).

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Daily fractal

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dump o’ clock..its sunday !!

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the fractal is accurate so far.. and according to it a free fall is near around U.S. market opening (not trading advice).

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I see falling “bullish” wedges everywhere !

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breaking the ice !!

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the 50 DMA might diverged a bit from its path to cross the 200 DMA BUT I AM NOT !
always stick to your strategy dont get confused by daily swings..never fear you are missing the trade ! even if your idea/strategy fails wait until the end.. if you are convinced that the trend reversed its better to buy the breakouts than buy the hype !

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50 MA now starts from 5th of february (end of dip) which means it will go flat or slightly upward of the 200 MA ..

NO Death cross UNTIL we have 5 consecutive closes below 7500 $ this week or the next week !

if the expected cross delays for another week or two bulls would gain moementum for strong bounce after a decent accumulation around 8K