brotoshee

Ultra Long Term Bitcoin Bull Case Using Gold's Fractal

Long
BITSTAMP:BTCUSD   Bitcoin
Chart is pretty self explanatory. If you have been following me, I had used the gold fractal to speculate on a reversal to the bearish price action from April to July (see links below). Though fractals are rarel 100% accurate, they give you a good sense of where price would roughly be. The price structure of BTC since october 2020 has caused quite a stir in the crypto space and TA enthusiasts. Is it a head and shoulder? Is it a rounded top? The gold fractal is the only price I could find that perfectly fit the BTC price action over this period. Is it simply a coincidence that BTC is digital gold? We shall see......

Disclaimer

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.