caimano

Fractals bring some hope

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If you are that type of trader who trusts in fractals, here for you some light at the end of the tunnel!
Everybody knows about the fractal from the MT Goax crash back in 2014, as you can see from this chart we have a lot of confirmation that there are more than few similarities between these 2 major corrections, so my take away for this chart is simple: if we are good in the bearish pattern we should be good too in the bullish outcome right after the end of the correction!
Base on this fractal the bottom of this correction is 6K (so, we are close!)
This fractal could bring us to 50K by December 2018!
Let's dream in these freaking dark days...
My suggestion: like this chart and follow and time by time come back and check it!

Comments

A July 4th run up seems very likely, with an immediate hard sell off for people in fear of loosing profits. Then a swift retracement back to near peak levels, wedge out through end of summer. All this seems very in line with our current market cycle.
+1 Reply
very nice !
+1 Reply
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