nagihatoum

BTC Matryoshka dolls fractal

Short
BNC:BLX   Bitcoin Liquid Index
Matryoshka dolls are world famous Russian nested dolls. Matryoshka embodies the concept of fractals, because each doll is a smaller copy of another doll and they all fit inside each other.

In this case we see a repeating pattern of rising wedge followed by drops. Each rising wedge getting smaller as well as the intervals between wedges.

Following this rising wedge fractal, a fall is due.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.