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$btc $btcusd
Reviving this thread.
Even if we didnt get the parabolic blow-off top in 2020, structure is still hella similar.
Now forming a multi-months ascending triangle
Just a kind reminder: that's exactly how $btc got out of 2015's bear market.
2020 to repeat history ? https://twitter.com/Yodaskk/status/1247529338473287684
Reviving this thread.
Even if we didnt get the parabolic blow-off top in 2020, structure is still hella similar.
Now forming a multi-months ascending triangle
Just a kind reminder: that's exactly how $btc got out of 2015's bear market.
2020 to repeat history ? https://twitter.com/Yodaskk/status/1247529338473287684
So, there is also the possibility that's a Wyckoff distribution here, so I wanted to compare volume and PA with 2015's ascending triangle
also similar imo:
Decreasing volume, which is consolidation
In the 1st half of triangle, bigger sell volume, but nukes get smaller each time
also similar imo:
Decreasing volume, which is consolidation
In the 1st half of triangle, bigger sell volume, but nukes get smaller each time
Everything get invalidated with a breakdown of the rising trendline with big sell volume, obviously
But until this happen, the re-accumulation thru ascending triangle like in 2015 seems more likely than a Wyckoff distribution, imo
But until this happen, the re-accumulation thru ascending triangle like in 2015 seems more likely than a Wyckoff distribution, imo
@redxbt what do you think about this ?
So, if $btc were to follow early 2016 fractal and is forming a multi-months ascending triangle re-accumulation, I wanted to compare the PA within the triangle
We also had a ~40 days period with lower highs within the range in 2016. V similiar PA as now
We also had a ~40 days period with lower highs within the range in 2016. V similiar PA as now
Obviously, a break & close below 9k, and this fractal is NOPE'd
but if it were to be re-accumulated in the low 9ks, PA would still be very close
Which would also give another 5 weeks within the range (so $altsParty can live on ?)
but if it were to be re-accumulated in the low 9ks, PA would still be very close
Which would also give another 5 weeks within the range (so $altsParty can live on ?)
Adding this here, coz that would favor this scenario https://twitter.com/Yodaskk/status/1282063974620700679?s=19
So, a small update, as it seems to be the scenario for now
$btc re-accumulated in low 9ks and still following the early 2016 fractal filling a big multi-months ascending triangle
$btc re-accumulated in low 9ks and still following the early 2016 fractal filling a big multi-months ascending triangle
It's fucking crazy to me that $btc $btcusd #btc 
is literally following the exact same steps as 2016, and this since February.
Like wtf?
is literally following the exact same steps as 2016, and this since February.Like wtf?
$btc $btcusd #BTC
OK, the saga continues !
2016 fractal shall live on
2016: asc triangle
2020: bull pennant
So,what's next, based on 2016 fractal ?
Not many dips, parabolic advance, euphoria
Targets: 13k5, mb 16k1 in 3-5 weeks
OK, the saga continues !
2016 fractal shall live on
2016: asc triangle
2020: bull pennant
So,what's next, based on 2016 fractal ?
Not many dips, parabolic advance, euphoria
Targets: 13k5, mb 16k1 in 3-5 weeks
God, i full like a dumb bull being that bullish O.O
Yeah that position I took due to the darthmaul yesterday is stopped out. Not a bad trade in itself, but not part of the original plan.
I was waiting for a retest of 10k8-10k7 to try another long.
No reasons to turn bearish yet tho imo.
I was waiting for a retest of 10k8-10k7 to try another long.
No reasons to turn bearish yet tho imo.
$btc My reasoning for the 10.8k long
Fractal pushed to the top of the range too, and got rejected before going range low to take the lows/stops
On the right a zoom in (1hr) version.
Go to range low to Take those lows/stops at 10840 and a strong reaction would be bullish to me
Fractal pushed to the top of the range too, and got rejected before going range low to take the lows/stops
On the right a zoom in (1hr) version.
Go to range low to Take those lows/stops at 10840 and a strong reaction would be bullish to me
$btc $btcusd #btc
filled at 10835 (low of the wick was 10827), took the lows/stops and strong reaction
Cheers
filled at 10835 (low of the wick was 10827), took the lows/stops and strong reaction
Cheers
To be clear $btc here at 11300 would be an interesting area to short if you're bear.
I'm hella bullish and not really trading coz on holidays, but just saying
I'm hella bullish and not really trading coz on holidays, but just saying
On the bearish side, sfp
Took the highs/stops, and closed below
Took the highs/stops, and closed below
I swear if we go to 16k in the next 3 weeks, I'll be insufferable
I don't post him just coz it fits my bullish bias, this guy has an impressive track record on btc. Impressive.
Gimme a weekly close above 11.5
