Long

BTC - The Fractal Nature of Bitcoin

Mis à jour

After reviewing and rectifying some of the mistakes I made in the past charts and by now following this fractal logic, I think we're heading for a small correction in the upcoming days, probably tomorrow. Seems to me Bitcoin will go to levels between 1195 and 1250, but quickly recover to continue up the stairway to the moon. There is a chance Bitcoin could visit 1160 but I think that's less likely, although possible.

Strong pivot point will be around May 25th. If it breaks the channel up, I expect 1800 as the first TP. If the channel is not broken, I expect a correction to 1320 at least.

Altcoins are now on the same page as Bitcoin (all bullish) which means if Bitcoin dumps and this correlation is respected, most of the important Alts will go down as well.

Good luck!

Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.

Note

Looking at the bigger picture, we can see that the channel that goes all the way back to the beginning of the bull market has smoothly worked pretty well. There is also a Gann Fan level which makes it hard for Bitcoin to continue up, at least for the moment.

After the correction (if there is one), I expect it to be bullish again in less than five days.

Transaction en cours

Current status.

Transaction en cours

Going to touch the upper resistance at any moment. I think it will dump after.

Transaction en cours

I think this is the way to the top.

Transaction en cours

We reached the top and now a descending triangle has formed. I think Bitcoin has had enough and bears have awoken. If this triangle fails to bring the price down, I think this is going parabolic up.

Transaction en cours

Price went down as expected.

Note

Transaction en cours

BTCUSD setup.

Transaction en cours

BitKrok is hungry. Wants some Bitcoin for dinner. Will he be satisfied?

Note

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Transaction en cours

Seems like a Double Tops to me. If you have opened long positions, my advice is to close them. If it breaks up, it's going to 1800. If it doesn't, it's going to crash hard.

Transaction en cours

Has Bitcoin escaped from the jaws of BitKrok?

Transaction en cours

Bitcoin going parabolic right now. BitKrok waiting to see it reach the top.

Note

TP seems like 1800 to me. I don't see any resistance before.

Transaction en cours

Bitcoin dumped pretty strongly but recovered just as strong. Now it's back in the channel. Question is, will it hold? I'm not really sure... let's see what happens.

Transaction en cours

Bitcoin is holding very well. It's inside of a triangle and it's running to the upper side of it. I think we will see a breakout to shoot us to the 1800s in the following 48h.

BitKrok is leaving. But he promises to be back this month.

Transaction en cours

BitPumper showed up now and it's pumping BTC. I think we're going to see 1800 quite soon.

Transaction en cours

This trade still continues active. Let's see what happens.

Transaction en cours

Bull flag spotted. We're very soon to touch the 1800 FIB resistance level. If it breaks it up, next stop is 2800.

Transaction en cours

Broke the resistance and still bullish. There is no stop for BTC!

Trade fermée: cible de profit atteinte

Target reached. I think it's a good idea to sell now and go back to alts. Although we broke the 1800 FIB resistance line, I believe we're going to see a correction now.

That pennant does not look very bullish to e.

Note

2800 reached. If it keeps going up, next stop should be 3400-3500.

Transaction en cours

Top at 2800 as expected on May 25th. One of my best calls so far.

Bear pennant appeared. Sell or short this asap.

CoinMajesty

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