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BarrenWaffe
Apr 11, 2018 10:30 AM

BTCUSD - fractal discussion 

Bitcoin / DollarBitfinex

Description

All in chart.
Any comments appreciated!
Comments
cI8DH
cI8DH
@BarrenWaffe
1. The last fractal had a disproportionate drop. We should have not reached this low. See the break down from green line.


2. This triangle is different from previous fractals. You can see that the trough is located way lower than the previous three fractals.
BarrenWaffe
@hkh222, this line has also been my primary support until it got compromised. i moved it fruther down. the first 3 fractals were decrasing in length as well as in pitch. the 4th decreased un pitch but increased in length. I think this probably means indecision by the buyers. Sellers seem to decrease as well since the dumps are getting smaller. Margin trading increases. But lets see how this plays out for the general trend.
la4440
we're gonna dump :)
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