TroyByrne

Another pattern on the BTCUSD 1 hr chart

Long
COINBASE:BTCUSD   Bitcoin
Patterns we find, do they mean anything or are we just trying to confirm our bias, this sure as hell looks like a repeating pattern, seen a few fractal charts going around twitter today and decided to take a look for myself, history repeats, or does it? Generally, if everyone sees the pattern and runs there trades and adjust to it, it becomes a self-fulfilling prophecy. So I guess we have to watch and see, especially with a head and shoulders also forming on the higher time scales. Just some food for thought. Just wait and watch for entry points, although that break of the longterm downtrend line looked like a great entry point. Good Luck

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