Here are 3 fractals from the history of BTCUSD trading:
Red is a likely repeat of the Triple Top pattern from May 2018. It implies a correction to 17600$ and a further upward trend.
Yellow - market growth as in 2019. It implies without correcting growth to the 40,000$ area, and only then can a protracted correction begin.
Green - in anticipation of "BTC halving" in a year, a repetition of the non-stop growth trend like in 2015-2017. It suggests a possible correction to the region of 24,000$-25,000$. The maximum target is 700k$-750k$ per BTC
Write in the comments which scenario seems most likely and plausible to you _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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Here are our thoughts on the total capitalization of the crypto market
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Has the yellow fractal lost its relevance? Are green and red fractals still relevant and possible? Share your thoughts in the comments
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We shifted the yellow fractal slightly, and it is now perfectly comparable to the current market situation. So, the critical level is 27000-27400 $, where it will be decided which route the BTCUSDT price will take. And you vote for which route you like the most: red, yellow, or green
Very, very timely idea. It's a great market and entry point for such a strategy.
SpartaBTC
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I agree with your 3 logical options for trend development. The second and third are more likely. It is quite possible that the 2015 fractal will repeat.
Scenario 3: what everyone's waiting for = not gonna happen
Scenario 2 it is.