Bitcoin Following the 2013-2017 Fractal still
I have been posting this idea for some time now.
And we seem to be still following this idea, with a tolerence of error.
But the question remains, which 2021 ATH is the root of this pattern.
Below is the chart with the Fractal based off the March 2021 ATH, Which many say was the only ATH..But, well, It was not....
https://www.tradingview.com/x/yfj3sgi6/
The similarity in pattern here is uncanny, apart from that 2nd ATH push, PA follows this pretty well..Even the FTX dump can be seen on the fractal.
If we place the Fractal off the Nov 2021 ATH, we see this
https://www.tradingview.com/x/9hbPq9QR/
It is a looser fit but we can see some pretty good similarities. This one points towards a Bigger Dip where we are now...
But the charts speak for themselves.
Untill these patterns are Broken, I will continue to watch.
It is up to you to decide which one you prefer.
And we seem to be still following this idea, with a tolerence of error.
But the question remains, which 2021 ATH is the root of this pattern.
Below is the chart with the Fractal based off the March 2021 ATH, Which many say was the only ATH..But, well, It was not....
https://www.tradingview.com/x/yfj3sgi6/
The similarity in pattern here is uncanny, apart from that 2nd ATH push, PA follows this pretty well..Even the FTX dump can be seen on the fractal.
If we place the Fractal off the Nov 2021 ATH, we see this
https://www.tradingview.com/x/9hbPq9QR/
It is a looser fit but we can see some pretty good similarities. This one points towards a Bigger Dip where we are now...
But the charts speak for themselves.
Untill these patterns are Broken, I will continue to watch.
It is up to you to decide which one you prefer.
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.