Fractal mastery

26 Feb 2018

As you can see looking at the 4hr BTC we are now heading to the 10770 range where we should run into resistance before continuing our descent toward 7700 which will still be in the new uptrend and complete the retrace from the recent parabolic up move. We are following approximately the same descent angle -35degrees, as we did after ATH and I fully expect this to return to the origin of the run before moving up again. Be very careful with any long positions. IF WE DO NOT clear 10770 range and continue up the downward move will be sharp. Happy trading and hope this helps you better understand some familiar chart patterns.

28 Feb 2018

Nota

So we have topped out within a couple hundred of where I thought we would on this pattern which tells me the next move is a sharp down if pattern holds. I may re-evaluate my target buy down low to about the 8900 a
range as that's where the retrace will bounce off the horizontal support at the top of the valley peak which usually signals an uptrend in BTC. The head and shoulder pattern I was following at the peak of this last run was broken when we made this second up move which is the same exact pattern in the big chart at all time high. 2nd top falls after bouncing off resistance at peak of right shoulder coming off high. First big fall should take us to 93-9400 range with small bounce back to 9700 before heading to final destination around 8800 I have not updated chart but wanted to give some targets. I do believe that after the retrace to 8800 we climb easily back toward 14300. Let's see how this plays out!

9 Mac 2018

Nota

Doesnt matter how it got there or what news brought it there. All that matters is the fractals don't lie!!! 169 target acheived!