The last fractal worked pretty well right up until it broke out. I thought it had just broken away but after looking at the chart again, there is a better fitting fractal for now. Thanks to that massive fomo wave we'll probably get a deep pullback now. be on the lookout!
Note
based on the current look i'm not sure we're quite ready for this move. appears we have an extended wave & could see another thrust upward before a sharp pullback like this. using a fractal it may resemble something more along these lines Note
actually it's possible we could be getting something so ignore last comment. there are a few ways this could go - currently i'm expecting to still hit a higher high but we'll have to just give it some time & see if it's ready for a legit pullback or just a temporary reset.Note
looks like we are getting a correction now. in addition to the scenario in the chart, something like this is possible too - all depends on how it reacts to the 7800 level Note
bitcoin looks to be putting in an ABC. typically we would look in the box for targets but bitcoin sometimes prints short Cs in bull trends so if you are short I would be conservative in your target. Order cancelled
Definitely was not ready for this move - had this fractal off by a wave - likely another wave up before the pullback
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.