TradingShot

Bitcoin's striking fractal. Will it turn bullish on this one?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I am trying to compare two sequences.

The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%.

The second is the current pattern. Higher Lows from November 28th 2018 to today and the 4200 - 4400 level rejecting this consolidation. Will it follow the previous pattern and break higher.

If the second sequence is inversed/ mirrored you can clearly see it is almost the same fractal . The STOCH is also printing out a similar reading.

Just some food for thought. I would love to read your opinions.




P.S. Some evidence of trading near the bottom below:




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TradingShot Bulldragon
@Bulldragon, Interesting pattern
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Posted updates and trades in my analysis. Just scroll down for March 9th video analysis. And see how I called the shake-out and mentioned that LTC will outperform ETH and BTC back since January.
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TradingShot Cryptosomniac
@Cryptosomniac, 1900 - 1200? Everything is possible but highly unlikely with the RSI, STOCH and a number of other indicators hitting monthly lows.
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Cryptosomniac TradingShot
@TradingShot, Nothing would make me happier to be wrong, trust me. It's just how I've seen log, parabolic movements be broken in bear cycles.
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Check this out, the bottom might be in!
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TradingShot TheRealDemo
@TheRealDemo, If it is a bull flag it sure is a gigantic one!
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Jbergene TheRealDemo
@TheRealDemo, could actually be

there is a theory that the 2017 wasnt the bull run. But the pre-run. If you go back to 2014, there was pre-run + a drop before it went to 1100$. If that is the case the next target is roughly 90K $
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