quantmaven

Bitcoin: I found the fractal of where we are!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
I found a fractal that is very similar to what we are experiencing with the price of Bitcoin now and it appears to be extremely bullish. Please compare the bar pattern in blue to the right with the live pattern to the left. The wave 1 and wave 2, especially the wave 2 is identical. The Amazon drop of this week is similar to the previous drop (red), followed by a strong rally that makes a higher high (yellow), then some indecision triangle (teal), then a small sudden drop followed by a monster rally (what happened Friday aftenoon). Now we are on a small plateau waiting for another move to the upside!
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.