BTC-USD (2014-2018 FRACTAL)

By gokhanbuluk

Updated

BTC to 3000-3200

Note

Note

2014:

Trade active

We are still in purple box and testing upper trend line. We are here for a while. (6100-6800 range) But we are not too strong.

If we break 6000k (Before this we could see 6500-6600 range) Next target will be yellow circle. (Lower trend line)
If Bitcoin is following the fractal, here we can see a good bounce to the upper line of falling wedge.

Let's see what happens.

Trade active

Daily close up:
In 2014 Bitcoin broke pennant to test upper trend line before lower trend line.

Now we are in a pennant again.
Under pennant there is 5930 green trend line (We have tested it 2 times)

2014:

2018:

Trade active

We broke pennant up to test upper trend line as 2014.
For now we have a doji (This can change). And volume is weak. Must be careful.

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.Fractal is still active

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.Timeframe is different from 2014. But trade is still active.
MA turned down as 2014-2015.

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We've touched the falling wedge's bottom line. But
Timefreame is different then 2014-2015.
RSI is also haven't touched 30.

Trade active

It's time to make divergence.
We have one or two more down.

gokhanbuluk

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