Bitcoin Loves Fractals

25 Sep 2021

I also love fractals and looking for a buy entry for BTC. Looking at the daily BTC needs to regain the 21 ema for any upside movement. If not we may repeat the 9/6,9/7 @($ 52,708) - 9/10,9/11 @( $44,857). pattern which saw a drop of around $7800. A similar move occurred between 9/15,9/18 and 9/21,9/22 with a $7600 drop. This has potential to play out a third time and bring BTC down to monthly support in the $37,300. area. For this scenario to play out BTC would have to lose monthly support at the $41,480 area and the 100 dma at $40,946. This may become a struggle and precede to a bounce at these two levels. GL