Another fractal idea for BTC: The cycles get longer
The problem with fractals is that you can see them everywhere hehe.
They occur on many different timescales. For example, we can see fractals where this here might already have been the low, at 5700. This would mean that the bearmarket from 2014/15 was now repeated in an accelerated fashion.
However, we can also draw a fractals, where everything from the top in 2017 until now, corresponds to everything from the top in 2013 to May of 2014. This would mean that BTC has become slower by at least 30%.
Whichever fractal will turn out to be true, it is interesting to play around with these fractals. Unfortuantely you only know which fractal was the correct one in hindsight :(
Honestly, right now I have no idea what will happen. This is the phase where BTC will decide: the fast or the slow route? Is the correction already over, or are we still right in the middle of it?
Either way, one thing is certain: In both cases, there will be a brutal rally at the end of that whole thing. In one case a bit earlier, top probably in 2021. In the other case, a bit slower, top probably in 2023.
It will be fascinating either way, as always in BTC :)
They occur on many different timescales. For example, we can see fractals where this here might already have been the low, at 5700. This would mean that the bearmarket from 2014/15 was now repeated in an accelerated fashion.
However, we can also draw a fractals, where everything from the top in 2017 until now, corresponds to everything from the top in 2013 to May of 2014. This would mean that BTC has become slower by at least 30%.
Whichever fractal will turn out to be true, it is interesting to play around with these fractals. Unfortuantely you only know which fractal was the correct one in hindsight :(
Honestly, right now I have no idea what will happen. This is the phase where BTC will decide: the fast or the slow route? Is the correction already over, or are we still right in the middle of it?
Either way, one thing is certain: In both cases, there will be a brutal rally at the end of that whole thing. In one case a bit earlier, top probably in 2021. In the other case, a bit slower, top probably in 2023.
It will be fascinating either way, as always in BTC :)
Comment:
Well actually I didn't draw it correctly as elshanti pointed out. The top should be around 10k (if it manages to push through the MA200 resistance)
