Repeat of (March 2020) possible ~ $6000 to downside (yearly top)
Updated
-Yurlo
Please hit that like button for creating this interesting fractal from March 2020 đź‘Ť
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for
BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.
If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
Please hit that like button for creating this interesting fractal from March 2020 đź‘Ť
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for
BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
Trade active
This is today & how the fractal would play out from March 2020 if it does happen present in September 2020:#1: $4000
USD drop (we've done $2000) ~ which would take us to $8500 from the potentially yearly top.#2: $2000 USD drop (this would take us from $8500 - $6500)
From there I'll buy every dip & build a long term position.
~if this fractal from March 2020 plays out, and the bottom is not in which I feel is not because nobody gets over 6 days to magically catch the bottom.
Just my perspective, and just a thought. It might not play out, but it was cool making and I had some fun in the process.
Trade active
If this plays out we should start to drop fast & rapidly in the next 24 - 48 hours ~Trade active
Stoch RSI going EXACTLY as predicted back when I drew this on September 7th.
Note
A year after halving (2016 halving) ~ followed by 2017 pump. Then (2020 halving) followed by 2021 pump. In other words we aren’t going to ATH’s in 2020. Few understand.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.