Hello guys, today I believe I have found an important repeating fractal that could give you a potential short-term profit. This current short-term downtrend, with this fractal, will run to 7k before hitting back to 7.4k. A huge falling wedge has also appeared. I have evaluated an approximate 40% increase in bitcoin's price after the breakout of the falling wedge. A potential breakout could occur already at 7.4k, though it is less likely as its momentum is not likely to breakthrough the resistance at 8.2k and would not fulfill the entrance height into the wedge. It is far more likely that bitcoin will reach a potential bottom of 5.6k before reaching a strong resistance at 9.1k. From 9.1 onwards? No one's certain.
Commentaire:
Wow! Just like how I've predicted! 7k right now! My scenario is going well! I think I've cracked the code!
Commentaire:
Dropped further below, though it is still very likely to go back up.
Commentaire:
Rip its falling