wescarlson

wescarlson

An optimistic look at what BTC could do over the coming weeks - I will also post the opposing view to see what the bearish outlook may look like in the next post...again playing around with repeating fractals and Fibs. There appears to be strong demand around 73XX zone and 7360 has proven to be a strong level previously, if this doesn't hold I anticipate that...

wescarlson

If we do break to the upside potential zone for target is in blue. If we breakdown would look at a short trade in the region of 6,8k as we the momentum down could take us to 5,2k-5,0k region. Hoping for upside, preparing for downside.

wescarlson Updated 

There are a few different theories and patterns coming together, if confirmed could lead to a strong break to the upside. Naturally it wouldn't take much for them to be invalidated, lets watch for the bull flag confirmation first, hopefully that will have a chain reaction leading us higher. If the Bull flag does not confirm I see us pulling back to the 78XX region...

wescarlson

I played around with the repeating patterns/fractals. It is a massive guesstimate, but wouldn't that be beautiful? I tried to keep the timing within the EFT deadlines/news cycles. Will be interesting to follow and see how it pans out :) BTCUSD has shown incredible strength over the last couple days, wouldn't surprise me if it just keeps marching straight to that...

wescarlson Updated 

One possible scenario could be a repetition of previous pattern or fractal that sees move up to the 76XX zone then retrace back down to test support at fib levels. If something similar to this plays out it would be a great long opportunity setting up for the first week of August and potential ETF news.

wescarlson

Just been looking at each fall from the beginning of 2018 to present, if you look at each drop the percentage fall has been decreasing (given we only have 3 points to compare) - the bounce percentage up has been the same on each occasion (give or take a percentage point or two) - if same trend follows we could see BTCUSD topping this move out in the region of...