Bitcoin has and will bounce at these next key points. A MUST SEELook at Number 1, it was a bounce of that spot. Number 2, we just did that a couple days ago to match that spot earlier this year. We will go down to bounce on Number 3.
Then up top at Number 4, I threw in a 'bear-trap' because that is an obv. place for one to be. Some of us know Bitcoin loves to throw those out before 'mooning' and since it WOULD be a real 'bear-trap' before breaking ATH!
Predicted-move
Called Top and it followed my plots for 48hrs!I knew I was on to something after I called the triple top and it followed suit with the long term bear trend I noticed. It started bouncing around in my channels and ranges as expected, so I drew a plot for shits and giggles. Damn if it didn't start following my plots as I drew them! Went to sleep and it followed everything perfectly for almost a whole day! It only diverged because the Bulls didn't put up as much fight as I thought they would. So it's even weaker. Today had all the signs of a classic bear trap. Dead all day, then an artificial run up in price at cash close to drum up some business and hand the bag to new retail investors. You gotta think bigger, never narrow. From 1min to max chart. To Infinity and Beyond! There's a lot of crazy meta fractal Fibonacci stuff going on here and the charts don't lie!
Even at a lower level it still followed my trend lines from past events, as well as getting general inflection points correct 2 days out. So I think I'm on to something here! What really made me smile is it hitting the same inflection point I called right before another big leg down. It looks like it's going to converge with my path again, perhaps. We'll see. Might be getting too distorted and I need to re-plot. It's possible we make another run back to the 311 area Friday, but I'm still calling it a continuation of the bull trap with lower highs and very low volume. P/C ratio has dropped, so volume will increase rapidly at first when they're convinced we're going back to 3200, that even they don't want to buy at that level themselves. I don't know why it's so hard for them to understand that there is always a limit, both ways, not just the ground. Actually with oil it can go negative, so think on that.