The blue line pattern is what occurred in march 2020 during the liquidity crisis. I believe a similar fractal pattern is playing out now with the bottom coming in around $30,000 on may 19th. If this pattern is to continue I would expect a second touch at the .5 fib level around $34,500 and a swift recovery over the next few weeks, making new all time highs sometime in the next 2-3 months. Obviously nothing is perfect but there is an uncanny resemblance to what occurred march 2020, and everyone know what a buying opportunity that was.
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