Bitcoin drunkenly staggers down the stairs, tripping and falling several steps at a time.
Feebly clinging onto the banister, it attempts to haul itself back in a parody of upward motion, as you look on shaking your head.
It is in a state of inconsolable despair.
We cannot intervene.
The market is a processor of emotion as it relates to expectation, crudely...
BTC is still in the throes of a massive correction.
Crypto traders the world over hodl their tether in disbelief.
In their dreams at night rivers of blood red candles surge through streets, corridors, and through the cracks in their pink wojak masks.
Crypto Twitter attempts to meme-in the bottom through performative gifs of despair, but the market knows this...
Fractals are an attempt to universalize the morphology of a particular market structure, in our case it is the aggressive distribution phase associated with the popping of a bubble.
The idea is to abstract the shapes of the past and apply them, in relative order, to the present and future.
This fractal is the 2014-15 bear market for BTC.