I'm going to be watching this over the coming weeks and months... a very similar fractal on Ethereum vs Bitcoin.
The top chart shows price action of 2017 through now.
The bottom chart shows price action of 2016 into 2017.
I don't have to do the play by play commentary on how many highs and lows match. They are obvious.
However, a few notes...
*You can consider the green vertical line as the low on the chart, and the subsequent orange line as the blast off point.
*As with fib time or fib circles, just a slight tweaking moves the sync of these much.
*As I have it presented here, and if the fractal repeats....let me stress this again... IF...IF the fractal repeats, it is reasonable to consider the bottom being in for ETH/XBT ... or ... there being one more low as the bottom.
*See the circled area.. and note how price reacts to the 50MA here. This will be a good comparison to note between last time (circles in bottom chart) and this one. I can see a case being made for either circles.
*In both cases, the bottom is either in, or will be in, in the next few months. and if the fractal repeats, the real crazy exponential gains are still up to a year away.
*If it repeats, that 50 MA needs to turn up first, and there needs to be a nice consolidation on it to build up a base for the next launch.
Hope this gives a different look for you, see you on the other side.
God Bless
JMJ -UIOGD
The top chart shows price action of 2017 through now.
The bottom chart shows price action of 2016 into 2017.
I don't have to do the play by play commentary on how many highs and lows match. They are obvious.
However, a few notes...
*You can consider the green vertical line as the low on the chart, and the subsequent orange line as the blast off point.
*As with fib time or fib circles, just a slight tweaking moves the sync of these much.
*As I have it presented here, and if the fractal repeats....let me stress this again... IF...IF the fractal repeats, it is reasonable to consider the bottom being in for ETH/XBT ... or ... there being one more low as the bottom.
*See the circled area.. and note how price reacts to the 50MA here. This will be a good comparison to note between last time (circles in bottom chart) and this one. I can see a case being made for either circles.
*In both cases, the bottom is either in, or will be in, in the next few months. and if the fractal repeats, the real crazy exponential gains are still up to a year away.
*If it repeats, that 50 MA needs to turn up first, and there needs to be a nice consolidation on it to build up a base for the next launch.
Hope this gives a different look for you, see you on the other side.
God Bless
JMJ -UIOGD
