Finally starting to be interesting to buy this market for long term holding, if you are willing to risk it
Compound fulcrum bottom trying to form, will it materialize is unknown
CFB will materialize if Btc reaches 6.900 and 7.400 with no false breakouts (could be a permanent bottom of Btc market, but it also could form a bull trap which is less likely)
But:
Very large descending triangle
The Smmas are pointing south
The 2018 fractal could follow the complete 2014 fractal, with a last leg down
GL
Compound fulcrum bottom trying to form, will it materialize is unknown
CFB will materialize if Btc reaches 6.900 and 7.400 with no false breakouts (could be a permanent bottom of Btc market, but it also could form a bull trap which is less likely)
But:
Very large descending triangle
The Smmas are pointing south
The 2018 fractal could follow the complete 2014 fractal, with a last leg down
GL
Note
Left side is 2014, where i think the corresponding structure is nowWe have to see if Btc follows a similar breakdown move of the supportive channel
Note
The compound fulcrum bottom is, imo, in the way of failing to materialize so far, there is a missing higher high :
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.