Bitcoin Long Term possible fractal formed
From the ATH in 2013, PA dropped till it touched the 50 EMA (red), it bounced off that and then. after 266 days, it went below the 50 EMA
84 days later, PA came back up from Under the EMA to test it as resistance, Got rejected and fell back
From when the PA went under the 50 to when it broke back above, was a total of 427 days
We seem to have reproduced a similar "pattern" since the high from April '21 and the end of the 427 days is in the week of 3 April
Currently, PA is just below the EMA, wicking up, testing
Maybe worth watching
84 days later, PA came back up from Under the EMA to test it as resistance, Got rejected and fell back
From when the PA went under the 50 to when it broke back above, was a total of 427 days
We seem to have reproduced a similar "pattern" since the high from April '21 and the end of the 427 days is in the week of 3 April
Currently, PA is just below the EMA, wicking up, testing
Maybe worth watching
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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.