Possible Fractal in BTC
Everybody loves fractals, 2014-2015 is getting boring though so here's a more recent one.
Pt. I: BTC falls into an ascending wedge and breaks down after failing to reach a higher high on the 3rd push up
Pt. II: BTC fakes in both directions as it ranges into a symmetrical triangle that breaks bullish
Note the indicators, do you see anything there? I'm not seeing much. A few similar shapes and ranges, but the current indicators are definitely in a lower area. At the same time, indicators weren't the most predictive of the prior bull break we had and could very well just serve to shake more people out this time.
Not financial advice, good luck!
Pt. I: BTC falls into an ascending wedge and breaks down after failing to reach a higher high on the 3rd push up
Pt. II: BTC fakes in both directions as it ranges into a symmetrical triangle that breaks bullish
Note the indicators, do you see anything there? I'm not seeing much. A few similar shapes and ranges, but the current indicators are definitely in a lower area. At the same time, indicators weren't the most predictive of the prior bull break we had and could very well just serve to shake more people out this time.
Not financial advice, good luck!
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