Didn't get my 7.2k retest but wow what a rip. Bottom's in imo, fractal has played out beautifully.
I think we range here below EQ for a while, looking to short down to 8k and load up the longs for a moon shot.
$17k by August.
#BTC **(Assuming the Fractal continues to play out)**
Fractals work, until they dont.
#BTC big rejection at $9500. Still think we range around EQ for a while before heading lower to tap demand at $7850-$8150.
#BTC extended the move further than I thought but when you use Log Fib its a perfect hit of 0.62 same as #AMZN. Fractal continuation requires some re-accumulation at these levels here. Significant closes below ~$7850 are bad.
#BTC vs #AMZN - Could be distribution, my money's on re-accumulation. Lows of this consolidation range got run 10th May, also looks similar to Jun19 PA.
I filled a swing Long at the 1D demand ~8673. Liquidity is taken imo, either we go up from here, or I'll Long an SFP of 8088.
Run the ATH to 45k, dump it to 24k, Long the shit out of it.
Target Sir? 💯
/1 #BTC vs #AMZN - Feels like the right time to close off this thread given the Fractal has now diverged enough to not have any real accuracy.
This Fractal alone has earned me and my friends more $ than anything else, it's my system, and it really works for me .....
2/ Find your own system and stick to it, regardless of what people think!
Looking at the macro trend, doesn't seem to me like it's ending anytime soon. Still surprises me when people say it's too late to buy #BTC when you can easily see a 10x from here (50k)....
3/ If you believe in #Bitcoin mass adoption then just like #AMZN this is the likely path, somewhat in line with @danheld Supercycle.
As much as I think we trade much lower in to 2022, I struggle to see us head straight south without at least tapping in to some of the Liquidity above.
Although the 4H MS remains bearish here, we're at a decent level for a reversal.