Bitcoin fractal downtrend comparison and demand drop! (Part 2)
First of all, if you haven't seen Part 1, where I explain more fundamentally why I think we are headed down for the coming months - check it out below.
In the second part I will compare the two bull markets in 2017 and now in 2019 and look for similarities. When we take the bull run from 1k to 20k and compare it with the one we had in 2019 from 3.5k to 14k, we can see initial similarities in the positions of the retracements noted with the different colors of the ellipses. In Part 1, I showed where the 8k and the 6k target come from. Now, I am providing more evidence for the fractal relationship.
Of course, there are no guarantees for that and the short position target will be updated as more information becomes available but for now first target is 8k.
For more information on how to get a free trial of my fund, feel free to message me.
For the next two months, The4Fund will be posting free trading ideas in crypto, stocks and commodities .
In the second part I will compare the two bull markets in 2017 and now in 2019 and look for similarities. When we take the bull run from 1k to 20k and compare it with the one we had in 2019 from 3.5k to 14k, we can see initial similarities in the positions of the retracements noted with the different colors of the ellipses. In Part 1, I showed where the 8k and the 6k target come from. Now, I am providing more evidence for the fractal relationship.
Of course, there are no guarantees for that and the short position target will be updated as more information becomes available but for now first target is 8k.
For more information on how to get a free trial of my fund, feel free to message me.
For the next two months, The4Fund will be posting free trading ideas in crypto, stocks and commodities .
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