First, if you do not follow my work, then you need to know that I have been following (3) Fractals since Spring of 2019! This would be the third fractal which is from Bitcoin's correction of 2015! Although I haven't posted (lately) much about this fractal, I felt it was important to share this fractal idea with you!
The 2015 bottom for Bitcoin was most peculiar!!! On Bitfinex, the price put in a new "squeaker" low, which would qualify as a "Double Bottom", but the other exchanges did not produce the same low. I believe that the other exchanges also qualify as a "double bottom", but price did not match Bitfinex for the new low....either way, it was the bottom for Bitcoin in 2015.
As you can see with XRP, the pattern for a "Double Bottom" again is in the making, and the same peculiar pattern is taking shape. I have been anticipating an ending for XRP that could possibly replicate the Bitcoin pattern, not because it has too, but because it's difficult to anticipate, and it appears that crypto coins often times have patterns to them, and it would only seem fitting! At a minimum, it's very interesting, wouldn't you agree?
Good Luck!
The 2015 bottom for Bitcoin was most peculiar!!! On Bitfinex, the price put in a new "squeaker" low, which would qualify as a "Double Bottom", but the other exchanges did not produce the same low. I believe that the other exchanges also qualify as a "double bottom", but price did not match Bitfinex for the new low....either way, it was the bottom for Bitcoin in 2015.
As you can see with XRP, the pattern for a "Double Bottom" again is in the making, and the same peculiar pattern is taking shape. I have been anticipating an ending for XRP that could possibly replicate the Bitcoin pattern, not because it has too, but because it's difficult to anticipate, and it appears that crypto coins often times have patterns to them, and it would only seem fitting! At a minimum, it's very interesting, wouldn't you agree?
Good Luck!