Abanw

Abanw

BTC has broken inside the descending triangle from the May crash. Similar to the SP500 Fractal we have went below the descending triangle but have not closed below it and currently BTC is trapped inside. As the previous post forecast: (BTC attempted to break to the down side of the descending triangle (bear trap) where a lot of stop losses were trigged causing...

Abanw

We have just came back to retest the descending triangle from the May crash. Similar to the SP500 Fractal we have failed the retest and currently BTC is trapped inside. If the fractal continues to play out, BTC is expected to firstly: Attempts to breakout of the descending triangle and fail the retest again (bull trap) this is where hope is broken. After that,...

Abanw

BTC going to first target 38K. please check previous charts. Thanks

Abanw

lovely chart I must say lol check out my previous analysis from the May crash.

Abanw

BTC still in down trend to the final destination (C) This analysis is invalidated of RSI brakes the 55 level marked with the green trendline. This would indicate a bullish momentum. until then, this might be forming the Right Shoulder for a bigger downside. you can view my previous charts to understand more. Thanks

Abanw

Daily RSI trend broke and bounced perfectly. Now we wait to see if BTC will confirm breakout by breaking the down trend since ATH. Keep in mind this could be a fake out as leverage is going back to ATH. Leverage indicator: cryptoquant.com

Abanw

BTC is still following the same behavior of the S&P 500. This could be because of the transformation that is happening to the crypto market where it is becoming more mainstream and having institutions invest (Mature Market). This might be one big shake down for the big money to have great entries and by that time the markets will have better...

Abanw

check my previous charts for the reason of analysis, cant wait for this to finish so I can deploy my cash..

Abanw

Hello guys, so I've got some DMs to make my previous charts more simple without the many trendlines lol So here's a similar fractal from SPX500 and BTC. BTC is currently in an ABC patter and is really following what the SPX500 did. I had this prediction all the way back from May crash and did not think this will playout at all. ( I was going to FOMO in at ATH...

Abanw

The C from the ABC pattern should brake the trendline to confirm pattern. After that, BTC should retest the trendline for support to continue the bull market.

Abanw

Typical ABC correction after a Wycoff Distribution. Compared to Historical Data from S&P 500 . After pattern completion, BTC expected to gain steady growth to the upside. Prediction from 25th of May 2021, and currently still in play. I know C should be lower, but 28K is the low for me. We might wick down to 25K..

Abanw

As long as RSI doesn't brake the Trendline, BTC expected to revisit the 30K lows. This can happen either by forming the Head and Shoulder Pattern or a dramatic news event that will crash price. you can check the comparison of BTGC and S&P500 in my next chart.