Ultra Long Term Bitcoin Bull Case Using Gold's Fractal
Chart is pretty self explanatory. If you have been following me, I had used the gold fractal to speculate on a reversal to the bearish price action from April to July (see links below). Though fractals are rarel 100% accurate, they give you a good sense of where price would roughly be. The price structure of BTC since october 2020 has caused quite a stir in the crypto space and TA enthusiasts. Is it a head and shoulder? Is it a rounded top? The gold fractal is the only price I could find that perfectly fit the BTC price action over this period. Is it simply a coincidence that BTC is digital gold? We shall see......
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