Is Bitcoin Repeating Summer of 2021-22?
Updated
What if we're just repeating a fractal of Bitcoin's summer 2021-22 market behavior?
This would make a lot of sense if negative correlation with DXY continues and the dollar index moves back up to its recent highs or higher:
Would also expect this to occur if Gold moves down from here:
If it did do this, it would also continue remaining within this channel:
Good luck!
This would make a lot of sense if negative correlation with DXY continues and the dollar index moves back up to its recent highs or higher:
Would also expect this to occur if Gold moves down from here:
If it did do this, it would also continue remaining within this channel:
Good luck!
Note
Here is the present 4h structure with an overlay of the 4h structure from the previous November 2022 top:Note
Correction - Nov 21 top ^^Note
Zoomed out the Summer 21-22 fractal could lead to a loss of trend:
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