This is a really amazing example of fractal and autossimilarity in BTC
On the panel above, a broadening downard formation in a 2 day timeframe, and on the panel below, the same broadening downward formation, but in the 3 hour timeframe
This kind of pattern usually breaks out upward and the target is the height of pattern
A increasing volume is expected here to signal the breakout upwards
Interesting is that what will happen to the 3 hour timeframe will repeat on the 2 day time frame
So keep a close eye to the performance of the short term: because of autossimilarity, long term will copy the movement
On short time frame, volume is increasing, signaling a very possible break upwards; on the long time frame volume is making a 'U', but now ascending
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.