UnknownUnicorn5920815

UnknownUnicorn5920815 Updated 

Just experimenting with fractals and possibilities. Interesting to look at the first run up in 2017. Very similar to our run up now, just that our run up is skewed to the upside. Certainly we could form a fractal exactly like this and go lower, but what if we already have completed this setup? Time will tell.

UnknownUnicorn5920815

It looks rather weak right now, but I cant think of this line breaking without a fight.

UnknownUnicorn5920815 Updated 

If we break down it could be interesting to watch for the behavior of the bounce. If we can decisively push above the 2013-2017 accumulation channel lines after (green/yellow) there can be a lot of juice left in the bullmarket. We have had no big drops yet, and it would be very due to reset sentiment. A period with consistent red days with a very sharp red candle...

UnknownUnicorn5920815 Updated 

The green and yellow line represents the channel which both the 2012 and 2016 accumulation took part in. We have never been able to build support here since. In 2019 during the summer, we visited this narrowing channel once again as we were forming a top, and got rejected below. The blue line is drawn from the top of the 2013 rally (weekly tops, not wicks). We...

UnknownUnicorn5920815 Updated 

if we retest 56k and go up

UnknownUnicorn5920815 Updated 

Hmmm

UnknownUnicorn5920815 Updated 

May rocket

UnknownUnicorn5920815 Updated 

What if we have just been grinding the bottom of the channel?

UnknownUnicorn5920815 Updated 

Did the Musk pop create a falling wedge for us to break up over before the weekend securing a CME close above the support we have had since the beginning of this run?

UnknownUnicorn5920815

it could be healthy

UnknownUnicorn5920815 Updated 

Looks like a bottom to me.

UnknownUnicorn5920815 Updated 

Historically cycles should get longer and yield lower percentage gains. Atm it looks like we are at some sort of crossroads between these two scenarios, at least to me. Would be good to be prepared for both, lots of unprecedented action these days. This is just a a chart for my own personal purposes.