Short

BTCUSD fractal

Updated

I posted this fractal this afternoon in my February 7 idea about another correction I expect that takes us to around 4.5k. I thought it would be nice to give it it's own idea so we can just click that play button and watch how and if it follows it.

Nothing serious and definitive - but it's super fun to look for fractals and watch them unfold.

Note

I found a possible bullish case on bitcoin, called a descending scallop. entry would be at 50% retrace (7500) with a target at 1.618fib (11k).

Please watch for a hard bounce off 7500.

bjhriemersma

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