I discovered this interesting fractal pattern that appear to extend three levels deep. We are now in the range where we would expect a retracement to 7k if the current fractal holds up. This also coincides with a hidden exponential resistance. I believe there is a serious likelihood that we are going to see BTC fall to 7k.
Good example of "seeing things" that you are looking for...doesn't look like a fractal to me.
RickyParker
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Go to sleep
RHofelzer63
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I surely made a mess of this trade. LTC shot to the moon. I do not understand the driving force behind the crypto market; other than manipulation and idiots jumping onboard. Watching the whole drop to below 6k was exhausting and so stressful. At that point, I could not understand all the selling. One thing to get stopped out but to chase the falling price action told me this crypto is worthless. It's the block chain technology to solve problems and to restructure the internet that has value. What companies will rise using the block chain algorithms? Motley Fools has been pushing such investment ideas. I do enjoy reviewing the excellent charting on this site. I'm trying to learn how to use these tools for technical analysis. Crypto is a fast moving space to learn trading lessons very quickly. Lost my first 1K; had a dumb low stop loss set. So much to learn.
SilverStar_Trading
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@RHofelzer63, Sorry that your butthurt you lost money but BTC and Altcoins are blockchain tech...
sacredheart279
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You mean it would go back to 7k usd or 7.5k usd ?..if so, in what timeline /?