gregb1

BTCUSD Fractal comparison

Long
COINBASE:BTCUSD   Bitcoin
Hi friends,

I have discovered that the December fractal (just after we hit rock bottom) is strikingly similar to what we have now, only smaller in magnitude.

We know bitcoin is unpredictable and sometimes does what it wants, but if we follow suit we can expect to consolidate in the 5120 region before making another move up to ~5350, then dropping sharply to 4800 and moving slowly into the 4500 region thereafter.

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.