BitcoinLong
BTCUSD - Fall 2017 Fractals
I noticed this fractal pattern beginning to occur shortly after the current all-time high around $5,000. Based on the previous top and pullback of ~21% and, roughly, a month period we should be expecting a large pop in the coming week or two with a run-up through October. The price should peak in late November. The chart shows around $8600 for a top but, it's possible that the top may be closer to $10,000 since it is a round number and a large area of psychological resistance. This peak will coincide with a "TD" Set Up and Countdown indicator on the Monthly which is set up to be a '9' for the month of November. At that point the fractal would repeat with a pullback to the previous all-time high of $5,000.
Current trading strategy would be go to long once the price breaks $5000. Consider taking profit over $8000 but before $10,000.
Current trading strategy would be go to long once the price breaks $5000. Consider taking profit over $8000 but before $10,000.
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