altcoinpapi
Long

2013-2014 Bullish Fractal Idea

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I keep coming back to this idea. The fractal is less than perfectly overlaid, given that the market was far less mature back then and dumped far more quickly and violently, but the idea is the same.

After the first run up and major dump in 2013, Bitcoin found its next bottom 88 days after the initial massive dump, making a higher low. That point is approximately where we are right now (give or take a few days).

After that, bullish accumulation began again, with Bitcoin having its final dump/shake out candle before running up to $1000+ approximately 177 days after the initial high. Should the fractal repeat itself, that would put the start of the next parabolic move around June 11th.

This idea is posted with the fractal from the same timeline, however I'll post either other linked ideas or comments on this post where I try to fit it better. I'll also overlay the 2014 fractal , which looks far more accurate at the moment.

Thoughts are welcome, not bullish yet, just spitballing.
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