Well, we are in a sticky situation now.
We all know that we are in descending triangle. Not ideal, but it is what it is.
The breakout from 10k was strong. Keep that in mind - if bears had their way, 10k would never have been broken.
You can say FOMO was strong, true - it also lets me know that a lot of big players been selling and there was not enough of resistance pressure to keep the bulls out of 10k+
Now, obviously, as price rushes out 30% after 10k and anyone who was buying. Are panic selling, as they can;t stand the volatility.
We are entering into a new price discovery stage.
It is very possible we are going to either dip toward 8k or 6k. Even if we do, it is going to be sudden, but i believe that we are going to have just a strong of a bounce. This will confirm what a lot of ppl have been speculating a begging of a new Trend line.
Bullish on BTC regardless, the financial world is changing and crypto adoption is growing every year.
After 200% gain, we are bound to make dib into a correction. So hold on to your hats, which whale will shake their booty and dump while he still can.
For now, we are going to watch carefully for a breakout or a breakdown.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
We all know that we are in descending triangle. Not ideal, but it is what it is.
The breakout from 10k was strong. Keep that in mind - if bears had their way, 10k would never have been broken.
You can say FOMO was strong, true - it also lets me know that a lot of big players been selling and there was not enough of resistance pressure to keep the bulls out of 10k+
Now, obviously, as price rushes out 30% after 10k and anyone who was buying. Are panic selling, as they can;t stand the volatility.
We are entering into a new price discovery stage.
It is very possible we are going to either dip toward 8k or 6k. Even if we do, it is going to be sudden, but i believe that we are going to have just a strong of a bounce. This will confirm what a lot of ppl have been speculating a begging of a new Trend line.
Bullish on BTC regardless, the financial world is changing and crypto adoption is growing every year.
After 200% gain, we are bound to make dib into a correction. So hold on to your hats, which whale will shake their booty and dump while he still can.
For now, we are going to watch carefully for a breakout or a breakdown.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
