BitcoinShort
Fractal pointing for another correction!
After breaking ATH on Mar'17 at aroud 1280 $ we got a -30% correction.
If we take the fractalic price-action from the bottom of that correction up to the top of the bullish impulse that followed it we get something really interesting.
This price-action is almost identical to what we are experiencing right now. Last month after breaking the previous ATH we got a correction, hit the bottom of it (red circle) and then got the bullish impulse that we ended on 9th of January. If we compare this moves, from the bottom to the top of the impulse we discover that the correlation is stunning... 90% at least.
The fractal is pointing to a retracement till 28k $. This means another -20% from the curent level, to a total of... -30% from the recent peak.
Let's see if history repeats itself!
GL&HF ;)
If we take the fractalic price-action from the bottom of that correction up to the top of the bullish impulse that followed it we get something really interesting.
This price-action is almost identical to what we are experiencing right now. Last month after breaking the previous ATH we got a correction, hit the bottom of it (red circle) and then got the bullish impulse that we ended on 9th of January. If we compare this moves, from the bottom to the top of the impulse we discover that the correlation is stunning... 90% at least.
The fractal is pointing to a retracement till 28k $. This means another -20% from the curent level, to a total of... -30% from the recent peak.
Let's see if history repeats itself!
GL&HF ;)
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