Update on previous posting. Looking at all the outcomes A,B, or, C, I think best chance of bitcoin making higher highs (scenario A) will be if it can hold trend line & higher fib supports in forming this next Williams Fractal low.
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Note: By higher fib. supports I am including the 50% retrace.
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Note: Trend line and fib support thinking is a bit of guess work from studying previous scenarios.
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Note: The MACD should also remain above zero to be in with a chance of making higher highs based on previous scenarios.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY TO ALL THE ABOVE. DO YOUR OWN RESEARCH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY TO ALL THE ABOVE. DO YOUR OWN RESEARCH.
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Check this out. Take a Williams Fractal high and then note the days after when you get both a red candle in bitcoin as well as gold. I think you'll find that this drop is not going to end with a low today but most likely tomorrow, and at most the day after
NOT ADVICE ALL STANDARD DISCLAIMERS APPLY. DO TOUR OWN RESEARCH.
NOT ADVICE ALL STANDARD DISCLAIMERS APPLY. DO TOUR OWN RESEARCH.
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My analysis done using the chart of gold that we would see a lower low yesterday July 10th did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.
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Error in above comment. By yesterday I meant July 11th.
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The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.