ivinsant

Bitcoin and Fractals - Myth or Fact

ivinsant Updated   
BITFINEX:BTCUSD   Bitcoin
Looking at the 15 minute chart we can see a similar fractal pattern that played out in the beginning of May. Lets see if history repeats the pattern....
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Wow, some pretty similar patterns here:

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I added in the same impulse wave cycle to see what could possibly happen if the fractal repeated itself, of course the scale is different but it will interesting to see how it plays out.
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Some pretty scary similarities still happening !!!
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Still looking mighty similar. Although the pattern says down I cannot but help think we will follow the previous fractal:


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