Interesting Fractals on BTC/USD
Spent a while looking at the charts in different time frame to try and figure out where BTC is going. I think the main thing I see here is not an instant drop to -6000 like everyone is saying. I think were going to run sideways for a bit and form a bit more structure ( probably a wedge) before the next big move. I'll be looking for a break of that structure to enter long or short. I have no Bias.
The fractal that you see here repeating itself either leads to a bit more upside, normally forming into a H&S before breaking down again.
Or in some cases it signals the trend reversing.
The red shaded box is where this fractal didn't play out like the others and instead formed a double bottom indicating trend reversal.
The fractal that you see here repeating itself either leads to a bit more upside, normally forming into a H&S before breaking down again.
Or in some cases it signals the trend reversing.
The red shaded box is where this fractal didn't play out like the others and instead formed a double bottom indicating trend reversal.
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