If $8100 holds we maybe repeating April bottom accumulation

17 May 2018

Just a thought, with little certainty. Seeing all the bart head formations popping up again reminded me of what was happening in Early april at the $6500 bottom when whales were accumulating by keeping the price locked in a corridor with most people holding a very bearish outlook like we have right now in the market.

Watch how it unfolds over the coming days. If $8000 breaks this idea is invalidated

Trade at your own risk

17 May 2018

Not

Sorry I repeated the number 3 twice on the chart. The second one should be 4.

17 May 2018

Not

keep in my mind this could also be distribution so we might also go the other direction down

18 May 2018

Not

We dropped a bit lower than the april fractal but it bounced at the same time. So i'd say we are still in play for a slow and small move upward over the next 24 hours.

19 May 2018

Not

So far it is still following the fractal pattern!

19 May 2018

Not

Should the fractal repeat itself we will push out of this falling wedge but maybe there is a false breakout first just so the whales collect a few short stop losses first

20 May 2018

Not

We have been accumulating!
Expect a retracement now, before we continue accumulation for another couple of days, then potentially another big break out looming after that

22 May 2018

Not

Now we see if this fractal pattern is going to repeat. A pump should be on the horizon. If it fails to happen then I guess we will be going the other way down toward $6k again