Is Bitcoin Repeating Summer of 2021-22?
Updated
What if we're just repeating a fractal of Bitcoin's summer 2021-22 market behavior?
This would make a lot of sense if negative correlation with DXY continues and the dollar index moves back up to its recent highs or higher:
Would also expect this to occur if Gold moves down from here:
If it did do this, it would also continue remaining within this channel:
Good luck!
This would make a lot of sense if negative correlation with DXY continues and the dollar index moves back up to its recent highs or higher:
Would also expect this to occur if Gold moves down from here:
If it did do this, it would also continue remaining within this channel:
Good luck!
Comment
Here is the present 4h structure with an overlay of the 4h structure from the previous November 2022 top:Comment
Correction - Nov 21 top ^^Comment
Zoomed out the Summer 21-22 fractal could lead to a loss of trend:
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.