BitcoinUpdated Bitcoin - Fractal of 2013?
Monthly MACD is looking really bear, have been saying this for a long time now and looks there are higher odds of losing 6k looking at long-term indicators than bouncing here. Will be interesting watch for sure. 4800 USD looks like the 1.618 extension of this last wave.
Note
Monthly MACD, sharply coming to a bearish cross, unlikely to bounce. Note
Sorry the 1.618 is at 4481, but 4800 seems to be a good support too from trendlines.Note
Looks like it will happen on 21 June Summer Solstice, an astronomical event!Note
Large timeframe 1 Month is coming to a close on MACD, best support to buy is the yellow support line in future. Trade active
Trade active
We hit the 2 time-extension! Fractals seems to play out nicely.Note
Bitmex went below 6000Trade active
Fractal kicking in :)Note
Best buy in October-November, not time to enter a long now. 
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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.