2018 Fractal Still Playing Out 26k Soon
Its actually astonishing to me that BTC has more or less copied the 2018 bear market, exactly, even down to the day of the week major moves happen.
But that's what has happened, its copied the fractal since November 17th, there were only 2 major deviations the entire time.
Given the recent improved market sentiment, the actual PA of BTC, the fact that this fractal nonsense is still going on, The fibs, the bailout package from Biden for inflation, and just slow curbing of peak inflation. All of this indicates upward momentum.
Short term (this week): We will see 26k at the upper EMA band, followed by pullback to the the 24,8-24,5 area
Long term (before/during October): We are probably going to have to test the upper level of the median range on BTC (47,000-53,000) and have a significant correction after that, before a true 'bull market' will get going. I honestly hate to always defer to the 2018 fractal but wth, when it follows it so closely lol
But that's what has happened, its copied the fractal since November 17th, there were only 2 major deviations the entire time.
Given the recent improved market sentiment, the actual PA of BTC, the fact that this fractal nonsense is still going on, The fibs, the bailout package from Biden for inflation, and just slow curbing of peak inflation. All of this indicates upward momentum.
Short term (this week): We will see 26k at the upper EMA band, followed by pullback to the the 24,8-24,5 area
Long term (before/during October): We are probably going to have to test the upper level of the median range on BTC (47,000-53,000) and have a significant correction after that, before a true 'bull market' will get going. I honestly hate to always defer to the 2018 fractal but wth, when it follows it so closely lol