Here are 3 fractals from the history of BTCUSD trading:
Red is a likely repeat of the Triple Top pattern from May 2018. It implies a correction to 17600$ and a further upward trend.
Yellow - market growth as in 2019. It implies without correcting growth to the 40,000$ area, and only then can a protracted correction begin.
Green - in anticipation of "BTC halving" in a year, a repetition of the non-stop growth trend like in 2015-2017. It suggests a possible correction to the region of 24,000$-25,000$. The maximum target is 700k$-750k$ per BTC
Write in the comments which scenario seems most likely and plausible to you
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Red is a likely repeat of the Triple Top pattern from May 2018. It implies a correction to 17600$ and a further upward trend.
Yellow - market growth as in 2019. It implies without correcting growth to the 40,000$ area, and only then can a protracted correction begin.
Green - in anticipation of "BTC halving" in a year, a repetition of the non-stop growth trend like in 2015-2017. It suggests a possible correction to the region of 24,000$-25,000$. The maximum target is 700k$-750k$ per BTC
Write in the comments which scenario seems most likely and plausible to you
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
Here are our thoughts on the total capitalization of the crypto market
Note
Has the yellow fractal lost its relevance?Are green and red fractals still relevant and possible?
Share your thoughts in the comments
Note
We shifted the yellow fractal slightly, and it is now perfectly comparable to the current market situation.So, the critical level is 27000-27400 $, where it will be decided which route the BTCUSDT price will take.
And you vote for which route you like the most: red, yellow, or green
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.