BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract

I spotted this on the 1 minute candles today. Came back later to see an entire market cycle fractal had been produced. This is crazy to me so I decided to immortalize the event in video form, complete with labels and potential levels that may prove useful in the distant future.

Enjoy the ride.

Comment: Personal view: (nothing new)

BTC will bounce hard off 5k and into a bullrun.
BTC crater to sub 3k eventually
No new all time high(if ever) until these two things occur
These events will take a long time to complete. So as a long term INVESTMENT, don't hold more than a minor hedge in your cold storage. Trade actively or put your capital elsewhere until true capitulation.

The real takeaway:

Market cycles repeat over and over again and incredibly, can occur on minute time scales.
The timing seems pretty far off...
That triangle took 8 months to form, but the period after on your 1 mi. Chart looks to be about ten times longer. So that would suggest us hitting new lows and ranging for 4-6 years
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out