The fact we are so close the Big Fib time date end of June 2023 and I still can't confirm which way this is going to swing is frustrating.
Last year it was so clear coming up to the fib date , this year price could swing either way.
For me there is two ways this is going to play out next 30-45days
1. We Flash crash down to retest the cycle low at 15k every cycle we create a double bottom , right now we keep be forming this crashing pattern that will take us back down to 15.5k.
As you can see it is a very distinct pattern it can appear in any timeframe , the higher the timeframe the longer it takes for the pattern to form .
There crashing patterns form everywhere not just Bitcoin.
So if it did flash crash then it would look very similar to 2015.
2.
Now the second outcome here is a massive bear trap and a massive move up to 40k end of June 2023.
Check this out.
We bounced massively off this moving average last time creating a huge bear trap. If it is going hold and reverse this is it , once we close under this moving average its over.
SPX500 bump and run reversal pattern still not reached its technical target .
We could still see a melt up in June 2023 for the SPX which would give a higher chance that Bitcoin hits 40k aswell.
So as you can see how things can swing each way , we break the yellow triangle and close above it for Bitcoin we go up or we continue making lower lows we will complete the crashing structure , guess we just have to wait.
Last year it was so clear coming up to the fib date , this year price could swing either way.
For me there is two ways this is going to play out next 30-45days
1. We Flash crash down to retest the cycle low at 15k every cycle we create a double bottom , right now we keep be forming this crashing pattern that will take us back down to 15.5k.
There crashing patterns form everywhere not just Bitcoin.
So if it did flash crash then it would look very similar to 2015.
2.
Now the second outcome here is a massive bear trap and a massive move up to 40k end of June 2023.
Check this out.
We bounced massively off this moving average last time creating a huge bear trap. If it is going hold and reverse this is it , once we close under this moving average its over.
SPX500 bump and run reversal pattern still not reached its technical target .
We could still see a melt up in June 2023 for the SPX which would give a higher chance that Bitcoin hits 40k aswell.
So as you can see how things can swing each way , we break the yellow triangle and close above it for Bitcoin we go up or we continue making lower lows we will complete the crashing structure , guess we just have to wait.
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If you overlap 2015 daily fractal over this cycle you get the flash crash june 15th very close to my fib time date
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We need to close above this red line to invalidate this crashing structure
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Wow
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telllllllllllllllll me this is not looking the same , wowowow
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4hour fractal from 2020 covid crash
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god dam near perfect fit
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This could be the pico top of the flash crash structure here , what an insane short it would be
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So if this fractal does in fact play out then XRP plays out its fractal to
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Nobody will see it coming , unless your have my time fib sequence
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next 10 hours we find out this crashing structure theory still alive , break to upside invalided , tell you now I think this breaks down , money flow is weak
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crashing structure broken , 40k it looks like
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date is coming up
crash is more likey at this point