Playing around a little here with some fractals. I noticed that the price action lines up pretty well to the (possible) bottom we are seeing form from the last two weeks. Price action is currently testing the impulse candle we had that followed the capitulation that took place on the 21st (Using Glassnode's "Bitcoin: Net Realized Profit/Loss [USD]" metic [-$2,505,168,645.35] *Third biggest capitulation event this cycle @ -$2,505,168,645.35*). The bars pattern has been shortened by -50 days to fit the price action correctly, which coincidentally allowed the 3:5 wave to line up to the March rate hikes. Top pings the 2.618 Trend Based Fib Extension (:
Thank you.
Thank you.
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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.