Scale invariant fractals, let the charts speak for themselves
Scale invariant re-accumulation schematic. My educated guess is up from here.....
These fractals seem to be repeating. Will they lead us higher again?
Rounding it out until August, then resumption of the bully?
Both these deviations follow on from major recessions in 1981 and 2008. Time for a regression to the mean?
Bitcoin is following a similar Wyckoff reaccumulation pattern to the previous 82 day range it held from beginning May to near end July. This time it's doing it over a more compressed time frame, circa 40 days. Likely trade sideways until 4th/5th September before heading higher.
If you shut out the noise of a blow off top in 2019 and COVID-19 2020, you can clearly see the price action and most likely direction of the long term trend.