BTCUSD: Same 2019 Fractal To Look Out For
Hard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of 20K could on the cards, possibly as low as 18K if the fractal continues, while remaining long-term bullish.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of 20K could on the cards, possibly as low as 18K if the fractal continues, while remaining long-term bullish.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.