Short Term Prediction: Retrace to 1.618 Fib....
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On the 1h Chart, BTC built a very similar formation, as we can also see in the 1W chart.
It likes repeating itself, on all timeframes. Building those fractals all over the place.
Regarding this fact, the CME Gap, that could be filled AND the 200 Day Moving Average, which is likely to be retested, i would say it will make a Dip very soon, to 8500ish region. Then most likely bounce brutally from there.
Watch out!
It likes repeating itself, on all timeframes. Building those fractals all over the place.
Regarding this fact, the CME Gap, that could be filled AND the 200 Day Moving Average, which is likely to be retested, i would say it will make a Dip very soon, to 8500ish region. Then most likely bounce brutally from there.
Watch out!
Nota
We now could interprete this internal one, as a falling wedge pattern, also. It is also pointing to the same direction.Nota
Nota
Seems like the falling wedge played out, but it got heavy rejection from the 9,5k level. The descending triangle scenario is even more relevant now, i would say. So keep watching out for a retrace to 8.5-8.6k region, within next hours/days.HAPPY HALLOWEEN.
Nota
22:15 CET, seems like its finally dropping off the cliff now. Nota
So, here we go again.Everything basically the same as yesterday.
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And this is what happened:
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Penafian
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