BTC still following the same pattern
Updated
Hi fellas!
In the previous update I talked about a fractal from the previous wave which turned out to work out pretty accurately! Here's the idea:
I don't usually believe in fractals, but this time I have reasons to believe the same scenario is still in play and we're not done with the fractal I talked about in the previous idea just yet.
So I see a strong rejection from 12300-12400 level (which is a pretty strong resistance btw) in the upcoming hours, and then a convergence to levels around 11700 to 11300. I think we're gonna have some boring weeks with little volatility again. Ugh...
IF the fractal plays nice, I'll have a lot to say about the next wave!
Stay tuned!
In the previous update I talked about a fractal from the previous wave which turned out to work out pretty accurately! Here's the idea:
I don't usually believe in fractals, but this time I have reasons to believe the same scenario is still in play and we're not done with the fractal I talked about in the previous idea just yet.
So I see a strong rejection from 12300-12400 level (which is a pretty strong resistance btw) in the upcoming hours, and then a convergence to levels around 11700 to 11300. I think we're gonna have some boring weeks with little volatility again. Ugh...
IF the fractal plays nice, I'll have a lot to say about the next wave!
Stay tuned!
Note
Hey, by the way! There's also a CME Gap to be filled at 11715. It makes the strong rejection scenario make more sense!Trade active
Note
Target achieved.Note
CME gap at 11715 just closed.Trade closed: target reached
Second target reached.Note
BTC has perfectly followed the blue line up to now! But I have reasons to believe this is how far the fractal stays in play. I expect BTC to go lower now. Follow this idea to find out the logic behind this assumption.
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