This was brought to my attention by twitter user 'Pladizow' but I dug just a little deeper. Wyckoff and Elliot would be pround of us crypto degens. The similarity in the entire triangle preceding the recent dump down to our current lows and the following price action up to this point is utterly astonishing. Of course it could completely diverge and change course but there's no denying the fractal nature here, even in the RSI! It could call for one more tap down to 8250-60 or so but the future may be very bright for bulls.
Note
with #heffaecloud overlay Note
Current ascending tri breaking up and we have clear daily bband squeeze...we saw both of these occurrences throughout different timeframes on the sprinng run up Note
Current path of the fractal if it continues...as I see it. Looks like there could be one last little stab down to around that 8250 level Note
Trying to track our position in the fractal and I think we get to see if it's legitimate quite soon Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.