botje11

Extra Bitcoin Update, SP500 Fractal, Part 2

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I would stare blindly on this one, but i was looking at US indices and i saw this and recognized it looked very similar to Bitcoin's movement the past weeks. I saw something similar a few months ago, which did not play out perfectly, but the first wave did. Difficult to judge where we are now with this fractal . With the S&P it dropped below that green zone, Bitcoin' is not even close yet. So we could be in the last one or we have to drop to the second purple zone. So this is just something to look at on the side :)


Previous fractal analysis:
Comment: So we were in the lowest purple circle, since that bear flag of Bitcoin did not play out at all and was a bear trap. Now it seems we are in the black circle. I can't say if the rest of the fractal will play out or not, but so far going very well.

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If you are into fractals, this one within the 1D Channel Up suggests further upside:

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What about this

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botje11 BITCOIN21
@BITCOIN21, The longer we go sideways, the bigger the chances for a move up again, so could play out
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BITCOIN21 botje11
@botje11, I think it happen now
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The chart patterns are amazingly similar. It makes me wonder if there is a HAL 9000 computer running everything and we are just the mice running around in a maze for its amusement, looking for the crumbs (price movements) it has dropped for us. I'm sure the answer is waiting for us around the next corner. LOL
+7 Reply
@BDG, hahaha yes indeed, those thought cross my mind as well when i see things like these. We all know the markets are controlled by most mostly, so it's actually not a big surprise.
+4 Reply
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