🔥 SAND Follows EXACT Bitcoin 2018 Bear Fractal: Dump Ahead?

2022년 4월 22일

Before we dive deeper into the analysis I want to state clearly what I always state with fractals: no one can predict the future and price patterns/fractals are valid until they aren't, take them with a grain of salt. However, try to keep an open mind.

If we take a close look at the current price pattern from SAND and compare it to BTC's last bear market, we see some stunning similarities. See below for a deep-dive:
1: Last sell off before final parabolic move. Both moves are around +235%.
2: Top has been reached.
3: First sell-off after top, both between 45%-50%.
4: Price recovery of around 60%-65%.
5: Major capitulation event. Setting a long-term support (dotted purple line). Both capitulations have been around -70% from the top.
6: Recovery after capitulation event. Fails to make a new high above (4).
7: Another minor bounce from the support area, lower than (6).

The similarities are overwhelming and fit the overall bearish narrative that the bottom is not in yet. In my view, BTC is currently trading inside a bear-flag pattern and will eventually break bearish to make a new low. This is until proven otherwise and we manage to break the pattern on the top side. See below.

So, assuming that SAND is following the BTC bear-market pattern, we can expect much more downside and a final capitulation event in the coming weeks/months. The capitulation will be triggered by a bearish break out through the capitulation support, the lows at (5).

There's also good news. The final capitulation of BTC caused a drop from 6k to 3k, which has been the bear-market low. If we see the same happening for SAND we can assume that the bear-market low is in and the only way from here is up.

Share your thoughts in the comments.