I will keep this post short as it is just speculation between fractals. However as you see the whole 2021 price action for Bitcoin is similar to the two years of 2018 - 2019. Higher Lows (green bases) with the last Low breaking an MA supportive trend-line to fake potential for an even bigger correction but eventually that formed the Bottom and kick-started a rally. The 1D RSI sequences are also quite similar. A noticeable difference is that 2018 - 2019 was on Lower Highs, while 2021 on Higher Highs.
What do you think? Are these two fractals comparable? If so, is BTC inside a mini cycle that has reached its bottom?
Feel free to share your work and let me know in the comments section!
Probably not comparable. March 2020 was an anomaly/black swan event.
bridgerleelogan
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@JTCoins or was it a calculated event disguised as a pandemic disaster? *twilight music playing*
bridgerleelogan
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@JTCoins the reason I say that is just because it's mathematically certain USD fiat will continue to debase. And everyone in charge knows this and they are unsure how to solve it (without printing more exponentially). BTC solves this.