2014 Fibonasty Fractal Repeating Itself - CHECK THIS OUT!
So here's another interesting fib fractal to follow on with my visionary, absolutely genius fractal that I posted earlier.
Check out the chart above. And then check out the 2014 chart below. You can see that, while not perfect, the July-Dec rally is roughly following the fib retracements of the 2013 rally/2014 crash, with some very similar chart patterns mixed in. The good news is that we appear to be completing this retracement at a MUCH FASTER pace than in 2014. Also, the fundamentals for crypto in general are MUCH SUPERIOR than in 2014, where the implosion of a major exchange caused massive, prolonged liquidity issues. I would really be surprised if we fell much below .786 BUT YOU NEVER KNOW!!!! Either way, the .786 could be a strong entry point.
Check out the chart above. And then check out the 2014 chart below. You can see that, while not perfect, the July-Dec rally is roughly following the fib retracements of the 2013 rally/2014 crash, with some very similar chart patterns mixed in. The good news is that we appear to be completing this retracement at a MUCH FASTER pace than in 2014. Also, the fundamentals for crypto in general are MUCH SUPERIOR than in 2014, where the implosion of a major exchange caused massive, prolonged liquidity issues. I would really be surprised if we fell much below .786 BUT YOU NEVER KNOW!!!! Either way, the .786 could be a strong entry point.
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Here's the 2014 retracement for reference:
