Hello fellow Cryptopunks, It is REPORT TIME :) AND FRACTAL MAGIC !
Technically, we are in a triangle right now, and anything macro can push us in either direction. And it looks like early April is going to be key play here, we may breakout or dip, but i am going with a dip, but wish for a breakout.
Mid April looks interesting, and seems like May is going to be a trend play, no fractals so it would imply
It looks like end of June is where the magic will finally happen with regards to whatever.. maybe war in Ukrain will end finally, and things will return to whatever.
Bears hit the last technical target, and i don't think they will have enough confidence to hold leveraged short position considering it is now Russia's turn to get into BTC.
Russia's middle finger to the west's sanctions, and Canadian emergency power have shown that there is NO financial asset worthy of holding other then crypto currency. Banks can take your stuff, Government will squeeze you into losing your wealth.
So yeah holding FIAT is not that smart even if crypto is mega volatile.
SO trust the BTC, trust the process, we will be victories, however, the danger is ahead of us, and i will talk about it when we reach it.
So stay strong Gorillas, for we are the champions :)
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So what did i get wrong? The biggest issue is the trend channel gave false information about the trend on a macro level. Trend collapse are always volatile, so it was easier to imagine a support rather then a drop, but then Russia decided to invade Ukraine, and bye bye support.
However, the support or target for the bear, was obvious, and it seems to have held here. So, i knew that if we drop, this would be the target, and I was mentally prepared.
Fractals were pretty good, the important one was the war.
Yolo target of March 23, i think was a fair assement, but we are still not out of the down trend channel.
It sux to be wrong, but that is the reality, and we learn new things along the way. ----------------------------------------
__FRACTAL DATES__ March 27 - April 1, 2, 16 - June 27, 30 - July 9
**LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion
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