Hi all, M2S here with a view into 2 possible BTC fractals I am seeing.
This particular charts show the completion of the correction from the previous ATH at the white line for both 2013 and 2020 bull runs. The red dotted line looks to be the mean regression line that BTC has been following since 2011. I see this as the correct fractional at the moment and will link to the 2017 fractional comparison in the comments below, which I do not think will play out.
These look more similar to me as BTC gathered support at a lower level and took out the previous high (white horizontal line) without any issue continuing to use the the 20 W EMA as support.
The green horizontal lines show where the previous initial bull run stopped for its first meaningful correction to the 20 W EMA and where the current 202 run might take a pit stop.
Thanks for checking out the idea! Let me know what you think below, your two sats (play on "your two cents") in the comments are welcome and always very much appreciated!
M2S
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*
This particular charts show the completion of the correction from the previous ATH at the white line for both 2013 and 2020 bull runs. The red dotted line looks to be the mean regression line that BTC has been following since 2011. I see this as the correct fractional at the moment and will link to the 2017 fractional comparison in the comments below, which I do not think will play out.
These look more similar to me as BTC gathered support at a lower level and took out the previous high (white horizontal line) without any issue continuing to use the the 20 W EMA as support.
The green horizontal lines show where the previous initial bull run stopped for its first meaningful correction to the 20 W EMA and where the current 202 run might take a pit stop.
Thanks for checking out the idea! Let me know what you think below, your two sats (play on "your two cents") in the comments are welcome and always very much appreciated!
M2S
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*
Comment:
Link to related chart:
