If $8100 holds we maybe repeating April bottom accumulation

May 17, 2018

Just a thought, with little certainty. Seeing all the bart head formations popping up again reminded me of what was happening in Early april at the $6500 bottom when whales were accumulating by keeping the price locked in a corridor with most people holding a very bearish outlook like we have right now in the market.

Watch how it unfolds over the coming days. If $8000 breaks this idea is invalidated

Trade at your own risk

May 17, 2018

Note

Sorry I repeated the number 3 twice on the chart. The second one should be 4.

May 17, 2018

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keep in my mind this could also be distribution so we might also go the other direction down

May 18, 2018

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We dropped a bit lower than the april fractal but it bounced at the same time. So i'd say we are still in play for a slow and small move upward over the next 24 hours.

May 19, 2018

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So far it is still following the fractal pattern!

May 19, 2018

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Should the fractal repeat itself we will push out of this falling wedge but maybe there is a false breakout first just so the whales collect a few short stop losses first

May 20, 2018

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We have been accumulating!
Expect a retracement now, before we continue accumulation for another couple of days, then potentially another big break out looming after that

May 22, 2018

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Now we see if this fractal pattern is going to repeat. A pump should be on the horizon. If it fails to happen then I guess we will be going the other way down toward 6k again