BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hi,

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
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