I've made many different projections on many different time frames and one thing is constant; everything occurs in fractals. I have made predictions of BTCUSD rallying to 14K-17k before another leg down and this would support that. I think long term (several years), we could see a much longer drawn out bear market.
agree with your fractal statement however the fractal is much bigger IMO. Green being a fractal of the yellow wychoff https://patternshttps://www.tradingview.com/x/wsTtnDTL/
Manifested
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@jlhequities, You are saying we follow the green path and then that occurs within the larger yellow fractal? I could see that for sure.
jlhequities
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@Manifested, I'm saying we follow yellow, we already hit formed SOW, so now up to 35k for UT. then back down to area we are in now, then un too 50k and back to 5k or less area. then up to 300k doing it all over again. The green is just pointing out the 3 crowns. i call it 3 crown and down
@Manifested, could be right for sure. I believe the low is in for this correction and a new high will be reached before a new low. This overall market and overall economy are just still too bull IMO. anything is possible but we should be heading into buying season end of this month into next.
jlhequities
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@Manifested, or something like that, see the bigger fractals though
jlhequities
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@Manifested, but i believe we are forming fractal on left circle https://now.https://www.tradingview.com/x/lCKLDinF/