K155MY4R53
Short

Bounce Fractal Comparison

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Recently, we seem to repeating the same old pattern of bouncing off a new low before easing back towards it and breaking it. The green fractal is the daily and each fractal includes the prior descent and the subsequent new low reached. You can see where the red and yellow fractals have come from and the purple fractal is the one that we're currently playing out. It's important to notice the decreasing timeframe on each of these. I'll post a zoomed out chart in the comment showing some of the longer timeframe bounces.
The forecast is made judging by the shape of the previous bounce fractals. Additionally, there seems to be a rough halving of the timeframes as the decline gets more precipitous.

Related Ideas

K155MY4R53
Large Short
K155MY4R53 about BTCCNY 2 years ago