Bitcoin Bullish Fractal vs. April 2011 - Up Only
Bitcoin is attempting to break out of a 6-month consolidation. This is the 2nd base from the bottom, very similar to the price action in 2011. It has also completed the same 7-wave correction. This fractal suggests that Bitcoin may go up only from here.
Trade active
This fractal played out well. It suggests the next corrections may be shallow, less than 20% until 240K.Trade closed manually
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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.