I am watching this pattern for a few days now, not the biggest fan of fractals as they are simply too obvious and too easy to trade along. No free lunch. BUT markets have a tendency to repeat themselves and just by looking at the chart, it seems FET is printing a VERY similar pattern as we have seen summer '21 when BTC bottomed out at ~30k.
Now, IF this pattern plays out, we should not drop below "5" anymore. IF we take out "4" with BTC breaking above 72k this fractal might be in play. Not sure about the target, could go as high as 6$ though.
Stay safe!
Now, IF this pattern plays out, we should not drop below "5" anymore. IF we take out "4" with BTC breaking above 72k this fractal might be in play. Not sure about the target, could go as high as 6$ though.
Stay safe!
註釋
Looks like it's failing... fractals do play out sometimes, but most of the time it would be simply too easy. No free lunch.So, next support would be around ~80 cent, so might see a big drop coming hours.
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