Hypto-Crypto

Next stage after bottom is well in progress

Long
Hypto-Crypto Updated   
BITSTAMP:BTCUSD   Bitcoin
My previous bottom call was right on point but the minute we hit bottom the fractal slowed it's pace considerably. That's the fun in fractals, they work great until they don't :)

This analysis shows you a probable path to our previous ATH in Bitcoin. It's comparing the 2015/2016 1D timeframe to the current 2D timeframe.

I've overlaid current candles with the fractal for easy comparison. I could've made the fractal longer but the chances of changing pace again or changing all together after hitting ATH are likely.

Trade closed: target reached:
Apart from the covid-crash this analysis worked out nicely.

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.