BTC the story repeat itself
Has everybody expected we are going down: remember, it's quite easy to get the general market sentiment when 95 trading ideas on 100 are bearish!
Well, the reality is, we are going down.
But how much?
I try this time to use fractals, and this brought me back to 2014 during the big correction from 1100 to almost 200, if you check the pattern it's really similar, the only difference is the length of the cycle (it was longer in the first part of the pattern, where we currently are), well in that case the correction was really deep and it looks like that the actual correction is going low as much as 2014 one.
So sit tight and try to find the pivot to jump in and run the up trend...
Now everything is much faster due to the increased volume (respect 2014) so I am expecting the bottom by this week-end.
Well, the reality is, we are going down.
But how much?
I try this time to use fractals, and this brought me back to 2014 during the big correction from 1100 to almost 200, if you check the pattern it's really similar, the only difference is the length of the cycle (it was longer in the first part of the pattern, where we currently are), well in that case the correction was really deep and it looks like that the actual correction is going low as much as 2014 one.
So sit tight and try to find the pivot to jump in and run the up trend...
Now everything is much faster due to the increased volume (respect 2014) so I am expecting the bottom by this week-end.
Penafian
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