I don't really believe in fractals but I do believe in logic and the chart below is just simple example what I think about the current situation. What I think will likely happen is something similar like when rising from 2019 bottom. We have had nice rally from the btc bottom so far and there is enough liquidity for markets to go short and take profits. Of course would have been even more potential and many were expecting something like 26.5 - 29k. Does not really matter - means just that there would have been more liquidity to take profits once more if under 30k. The battle for trend reversal to bull will be only after 30ks or so and there are all the reasons to take the profits from the upside movement we have seen once more.
One more dip back to 19-20k would be perfect for bitcoin anyways creating double bottom for macro. Overall I think if / once we go down there that'll be the optimal moment to start to pick up some bags (for me dirt cheap alts maybe some btc). Been a bit over week now with unusually big % of my holdings being in stable coins. I am not proud of the timing 馃槃 as there was more than enough reasons for the price to actually climb to that 26.5 - 29k range but now I do not think it's likely to happen anymore cause the upside momentum is getting exhausted and indicators are pointing down for short term. Anyways I had sort of backup plan if that would have happened and was and still am feeling it's a good moment to have some dry powder ready to go shopping.
