Bitcoin correction / Fractel 2014. I think we are almost done.
Hello, thanks for checking my idea.
Imo we are almost done with the correction, because we can clearly see some bullish momentum is building already.
It made a higher low, and we didnt in price action, so thats a bull div. to me, (not 100% confirmed yet)
2014 : After the bulldiv is made, BTC formed a resistance arround $292.
2018 : After the bulldiv is made, BTC formed a resistance arround $7300 & $8200.
And then BTC goes in the red zone, its a boring period of time with extreme less volatility.
You can see that in 2014 and current price action : 11/11-2018.
So if this will play out again, we are waiting for a bullish impulse upwards, towards the 2 resistances @ 7300 and/or 8200
This will be a bulltrap, where new money will jump in , and where breakout traders will be caught. (stucked)
Then a huge pullback and stophunt/beartrap. Same game, but then on the opposite price direction.
Wait and see... only time will tell... But all i want to say is ; Based on last correction / stages we are almost there !
Crossing the redzone and wait for the volatility to come back.
If you agree, please leave a thumbs up, if you disagree or want to share your thoughts, leave a message below.
Happy trading !
Imo we are almost done with the correction, because we can clearly see some bullish momentum is building already.
It made a higher low, and we didnt in price action, so thats a bull div. to me, (not 100% confirmed yet)
2014 : After the bulldiv is made, BTC formed a resistance arround $292.
2018 : After the bulldiv is made, BTC formed a resistance arround $7300 & $8200.
And then BTC goes in the red zone, its a boring period of time with extreme less volatility.
You can see that in 2014 and current price action : 11/11-2018.
So if this will play out again, we are waiting for a bullish impulse upwards, towards the 2 resistances @ 7300 and/or 8200
This will be a bulltrap, where new money will jump in , and where breakout traders will be caught. (stucked)
Then a huge pullback and stophunt/beartrap. Same game, but then on the opposite price direction.
Wait and see... only time will tell... But all i want to say is ; Based on last correction / stages we are almost there !
Crossing the redzone and wait for the volatility to come back.
If you agree, please leave a thumbs up, if you disagree or want to share your thoughts, leave a message below.
Happy trading !
Yorum:
USD chart
USDT Chart
The question is ; is this the beartrap?
And was the tether fud ( 15-10-2018 ) That huge spike upwards the bulltrap? ($7790)
Maybe iam still in Denial modus. possible,
But the usdt chart didnt break the support yet, only a spike.
( At the moment of writting. )
Lets see what tomorrow brings.
Happy trading !