TradingView
kdenery
Apr 30, 2020 9:46 PM

Bitcoin Fractals Long

Bitcoin / U.S. dollarBitstamp

Description

Notice the spike for negative profitability before the prior bull run and that we had only a couple weeks ago.

Comment

For those who need a spoon-fed update, we are now in the yellow circle, consolidation phase of this cycle. Expect the eventual crash after our top to drop to around this level.
Comments
besniki12
Fuck bro this shit was accurate 🤝🔥
Trading-Guru
Nice idea!
Candle_Styx
nice one.. you get a new follower. been a while since your update. any thoughts on current situation?
barnold2
What does the profitability mean?
kdenery
@barnold2, Its a measure of how profitable miners are at a given price, its set to a logarithmic scale because I feel it better highlights the spikes.
More