XMRBTC Inverse head and shoulder sets up breakoutQuickpost
XMRBTC has been exploding sideways for over 1400 days. While it has done so it has created a macro symmetrical triangle that I suspect will break to the upside. There is a inverse head and shoulders that has been developing for about the last 6 months and is seems ready for the right shoulder to makes its move to the neckline then perform.
The inverse head and shoulder market is a mere 25%
The triangle target is about 400%.
This leads into the XMRUSD cup and handle which I want to get 150x out of.
Fractalpattern
BTC 2 day fractalHey everyone.... so ive done a 2day BTC fractal analysis
As you can see if added some important key areas in the orange bubbles. The first one being the covid but also what many might not be aware of was on the 20th March 2020 Suadi (US allies) dropped an oil price war on Russia. This tanked the oil price to less than zero. And you can see it here on the chart. Then the second is where the crash would of happened at present day based on the fractal from this period.
Now look at the fractal, ive outlined the main fractal on the left from june 2019 to april 2021. I have then split his fractal into two, thus removing the previous spoofy crash.
I say spoofy becasue it was a coincidence with covid, i wonder who stocked up on the oil at that price, for it to rocket a few months later hmmm.
Anyway thats for another day, But the fractal from june 2019 to feb 2020 is pretty much bang on to price action june 2022 to march 2023.
So is it fair to say we have skipped past the previous crash and heading into the bull run phase 1
Look how close we are to a golden cross (50MA crossing up and abovew the 200MA.
SO what about levels, longer term levels of resistance to breakl are : 41,600 / 52K / 69K
Then when we hit ATH next level up potentially 100K then up to 150K basing it on this fractal pattern and the golden cross.
Im not saying this is gonna happen overnight but its happened before so probability says it can happen again,
Or could Balanji be right and we hit $1M
Peace and love everyone, share and like dudes :)
BTC fractalsHey waaaSUP everyone,
I thought i would share this idea with you all. On the left side back in the days of BTC price been cheap as chips, you can see ive drawn 2 boxes blue and violet. Then looking into the future on the right side you can see the fractal bars corresponding to the colour box on the left.
I am particulary interested in the fractal all the way back from jan 2017. I only say that becaaue the other fractal suggests we break down and double bottom, which many are calling, but the fact is, if it did that it would break the market structure (bottom blue dotted trendline)...... and BTC has never done that. We hit this line back in NOV/Dec 2022 ;)
And also things are different now, we have the WEF medling with things, we have the FEDs medling with things, we have inflation, and the new CBDC ???
BUT the main thing to keep an eye on is BRICS (Brazil,Russia,India,China,South Africa) we could be seeing the end of the petro dollar and the collapse of the dollar. This is defenetly plausable and that is why I suggest the probability is more in favor of the blue fractal.
Gold is coming back and the USA dont have much of it and the printing paper is running out.
I know its wack, that would mean BTC could reach ATH of $250,000 by November 2023. And maybe a precident for a new local bottom of $60K. Ooooohh
Remember its all about probability, and anything can happen.
peace and love
Wow that would be madness,