TradingView
fract
May 22, 2020 9:34 PM

Bitcoin fractal (18) 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

This specific fractal can be found from 2013 before bullrun of previous ATH.
This suggests that there should be a correction before supposed bullrun takes place.
If this fractal turns out to be wrong, then scenario below should be right.

Comment

This idea isn't about a bullrun of such scale taking place after presumed correction is completed.
The focus for now should be on timefib of 1.618 that suggests reversal after presumed correction is completed. It's reversal in general terms, not specifically for such sharp bullrun.
Comments
allegorycave
Not only a correction but a large consolidation needs to take place before the bull. Corona disrupted every market so we can say goodbye to 4Y cycle.
CryptoGoGo
@allegorycave, makes sense
CryptoGoGo
WOW!!! very nice!!!
ferGOD
i love it!!!
allegorycave
Can you explain how you pulled those fans, I hope that explanation is not behind a proprietary trader wall.
Thanks for the analysis none the less !
fract
@allegorycave, manually by tools such as projection and line.
allegorycave
@fract, I looked closely and I understand your analysis now.
As a new sub I'm looking forward to your TA in the future.
fract
ffeizian
Dude we’re reaching the purple line. Buckle up lol
ffeizian
If market plays this out, I’ll personably send you a nice gift
More