Bitcoin fractal in three shapes.It is just a simple observation of previous consolidation in Bitcoin and what can happen in very near future. Bitcoin is moving faster then we can comprehend.
Bullmarkets
DJIIt appears to me this whole range has been accumulation. The question is, is this accumulation to continue the longest term bull market the world has ever seen? Or, does this trend reflect accumulation for shorter term correction, a precondition for something like a recession if you will? Notice the arbitrary trend line is being tested, and the median price line, 2400, sits on a moving average. It seems to me it tried to break out 3 times and failed. The third test of breaking down though...Is it inevitable? Lots of risk I wouldn’t participate in to be honest.
Tesla (bag)holders on Robinhood are at all time high :)I should make a video so you can hear me laugh. At Tesla baggies face. But it is late here.
Robinhood = free trading "app" for complete casuals. It attracts complete noobs that look for an easy way to speculate and do not care / understand about quality of service. It's really the noob magnet.
Reminds me of something...
Oh right. Every single bear market ever.
Whales dumping. Morons buying "cheap".
Enjoy these bags. This time it's different.
This wall street cheat sheet or whatever you want to call it, just a general guide... Can look very different in some cases:
But I think for the "big stuff" with alot of participants, the patterns will be very much like that.
K that is enough examples for today. Just keep an eye on Tesla, see how it goes, next Tesla will be similar. Continuous learning. And BitconnectCoin too.
This is what institutions do btw. From what I heard + would bet 99%. + Wall street cheat sheet is their "10 commandments".
Market cycles / Elliot waves, more or less the same thing.
