Ontology / BitcoinShort
ONT bear run over, enjoy the short sharp dip. =]
Updated
Fractal playing out very similar to the 3 previous dips. The 1st dip saw a retracement of 0.382, 2nd at 0.618 and I am proposing a 3rd at 0.786. The 3rd fractal seems to be playing out a lot faster than the previous 2 which may cause a faster dip to fill our bags. RSI on the daily is oversold, and considering ONT's performance over the last few weeks a healthy correction is due.
The fractal looks better on the 4-hour chart and there is a clearly visible pattern. I'm predicting a retracement to the higher levels of 60k - 75k sats. To further add to the bear play a series of hammers have occurred on the 4-hour chart indicating an increasing bear strength
- Not financial advise just my subjective opinion
The fractal looks better on the 4-hour chart and there is a clearly visible pattern. I'm predicting a retracement to the higher levels of 60k - 75k sats. To further add to the bear play a series of hammers have occurred on the 4-hour chart indicating an increasing bear strength
- Not financial advise just my subjective opinion
Note
we are forming a head and shoulders on the 4-hour chart, the right shoulder is forming. if we break we could drop. Also, the sell walls look exactly the same as previous high so proceed with cautionNote
Great little play :)
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