my2satoshis

BTC Fractal 2017 vs 2020

Long
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Hi all, M2S here with a view into 2 possible BTC fractals I am seeing.

This particular charts show the completion of the cup and handle below the white line for both 2017 and 2020 bull runs. I do not see this as the correct fractional at the moment and will link to the 2013 fractional comparison in the comments below.

That being the case, notice that BTC typically uses the 20 W EMA during bull runs as support.

The green horizontal lines show where the previous initial bull run stopped for its first meaningful correction to the 20 W EMA .

Your two sats (play on "your two cents") in the comments are welcome and very much appreciated!

Thanks for checking out the idea, looking forward to your two sats in the comments!

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: