befunkt

It's all just a little bit of history repeatin'! BTC

KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
BTC -1.23% fractal waves playing out cleanly to the end of the triangle.
If the pattern continues, we make a slight move upward, and then go down to 7500. (and then...? Do we exit the triangle?)

Indicator divergence would support this as it is a small short-term bullish divergence , with a much longer bearish divergence behind it.

Marked in red lines, the tops of the double-peaks have incrementally moved from a lower high (December) to a higher high (recent).
What does this mean?? I want to say its a bullish sign, but just that - i WANT it to be a bullish sign. More likely, the initial bounce is wearing off in the repetitions, and becoming the less-prevalent motivating force. Can we use that to anticipate the strength of the next peaks? (if we are still in the consolidation by that time)


We regret to inform you that this post has been a useless, prediction-less waste of your time, and only further adds to the confusion. Sorry, no refunds.

Cheers
B

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