I would stare blindly on this one, but i was looking at US indices and i saw this and recognized it looked very similar to Bitcoin's movement the past weeks. I saw something similar a few months ago, which did not play out perfectly, but the first wave did. Difficult to judge where we are now with this fractal . With the S&P it dropped below that green zone, Bitcoin' is not even close yet. So we could be in the last one or we have to drop to the second purple zone. So this is just something to look at on the side :)
Previous fractal analysis:
Previous fractal analysis:
Note
So we were in the lowest purple circle, since that bear flag of Bitcoin did not play out at all and was a bear trap. Now it seems we are in the black circle. I can't say if the rest of the fractal will play out or not, but so far going very well.
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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.