Hot NEWB takes 2 HARD fractals in the bull's rear

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Not even 6 months into trading and I'm already sick of chart patterns turning against everyone because they're plotted on the short term. I charted the weekly & daily equilibrium with a 200 MA & horizontal levels as I see them—it's set to the 4 hour for higher fidelity. This is the world's most simple chart with a big question mark on it in the form of two curious ellipses. Will history repeat itself? That would be mighty convenient now, wouldn't it? ;)


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