Bitcoin Fractals compared with 2019

Updated

Bitcoin is likely to go sideways from here until the halving, then continue its parabolic bull run.

Note

Bitcoin was rejected at USD 72K today. If it cannot break out 73K USD in the next few days, the chance for this fractal to play out will decrease.

Note

Bitcoin followed the plan, so I initiated my long position today. I will add more if it approaches close to 60K USD. The stop-loss will be set below 60K USD.

Note

Bitcoin will likely continue moving sideways until the halving. The best course of action now is to stay away, wait, and see. The market will likely be very choppy in the coming weeks.

Note

This idea will be invalid if Bitcoin closes below 60K or the time is running out.

Trade closed manually

This idea was invalid. Closing.

System_T

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