Healthy bottoms for #BTC (Buy Zone) , based on Fib levels measuring the 2 last significant macro lows. If BTC drops below $26k, I'd start getting worried as there's no major support below; meaning BTC can go back to $9-$10k. Lower time frame point at ~$27.5k as the bottom.
I tried copying the 2018 dip fractale on top of today's dip and it fits well. Fractiles aren't to be taken 1:1, they're a good idea of future flow. I expect a bull trap rally after touching low of ~$28k-30k .
*** NFA ***
There are many bullish patterns and formations that can be found, wether cyclical, whyckoff, bullflag and more. All you have to do is look at the other posts, one different pattern that's hard to unsee right now, when you zoom out is a nice W pattern. W for Winning because AMC is a winning bet; today's earning announcement was crazy bullish. The companie's holding...
If it falls off the current trendline, we have a second weaker trendline and if that fails it would certainly retouch the previous bottom to form a W pattern. Overall, I see bullish momentum. The 1088% FTD report, the short interest percentage bouncing between 17-19%, the 93% utilization, the continuous media coverage, (and more!) has the apes jacked to the tits....
