Consolidation before Higher?
Updated
Most recent sell off is reminiscent of the FTX dump late 2022.. similar volume sell off/liquidation cascade...
Almost every popular "trader" on twitter calling for lower prices, which could very well happen.
I see two scenarios.. the fractal outlined on the chart where price chops sideways towards Q4 then spikes higher and finally breaks out of the multi year downtrend channel..
OR.. Scenario two:
Price mean-reverts to fill the CME gap around 27-28k area, then nukes to fill the gap around 21-22k (also the golden pocket), before another leg up.
Below:
Almost every popular "trader" on twitter calling for lower prices, which could very well happen.
I see two scenarios.. the fractal outlined on the chart where price chops sideways towards Q4 then spikes higher and finally breaks out of the multi year downtrend channel..
OR.. Scenario two:
Price mean-reverts to fill the CME gap around 27-28k area, then nukes to fill the gap around 21-22k (also the golden pocket), before another leg up.
Below:
Trade active
Gap Filled above Positive news - SEC lost against greyscale.
Comment
Following quite closely so farComment
o.OComment
Following the fractal quite closely.. Expecting 36k this yearComment
Wow, god candle on fake ETF news.. still on trackComment
Going greatTrade active
Still on track!!Trade active
Target reached on Bitcoin Futures (36,000)Almost there on Spot..
Comment
36,760$ will hit before any real correction in my opinionComment
Ok 45600 is the top - surely?Comment
We rejected up here...
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Related publications
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.