BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Almost identical shape as we had a week ago. Think it's worth to keep an eye on it. Break of the red would invalidate it, break of the green would validate it.

Current Bitcoin analysis:



Bitcoin/S&P Fractal:
Mar 31
Comment: Looks like another game plan might be going on here. The fractal looked very identical, but the market seems to be more bullish than bearish now. Volume is not really meaningful, very low again this weekend, so can still all be just noise.

Can also very easily turn into a Bart move with volume. Meaning a break up to above the red zone, to 4110ish and then dump again. Think that channel is good to follow, like the one on the left gave a good road map, this one could do the same

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Comments

Phallus formation??
+5 Reply
botje11 racethehare
@racethehare, what formation?
+1 Reply
@botje11, ummm... "large dong", "huge wang", or even sometimes known as "big willy" formation
+4 Reply
peakindicator racethehare
Reply
botje11 racethehare
@racethehare, Lol, Shlong and Balls formation? :)
+1 Reply
@botje11, yeah, I think you got it ;)
Reply
I’m impressed. Crazy the resemblance between the BTC and S&P charts... how correlated do you believe these two markets to be?
+1 Reply
botje11 kryptoeking
@kryptoeking, Thank you, yes it is. I don't think there is any correlation at all. I personally think that, it's simply Wall Street whales who have entered the crypto market past 12 months (for easy money) and simply use the same play book as they do in the normal markets.Think that's why we see these similarities sometimes
+2 Reply
Thats the ole' frank and beans fractal. Really hard to spot those usually.
+1 Reply
botje11 moarbtc
@moarbtc, :)
+1 Reply
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