Very Interesting fractal to 2015.
In 2015 Btc also had a steep fall from the 50MA Daily like we had from 6k to 3k, then it bounced of 200MA Weekly, went up to the yellow line, drop, then go to 50MA, make higher high and drops to retest the bottom............creates a double bottom, then springs through 50MA Weekly and the bull market started.
Now we are very close to the yellow line, which is at about 4250ish, which is what everyone is looking at anyway. If it'd play out as the fractal in 2015, Btc should go there, then fall quite rapidly, that's the first step in this whole fractal, followed by the retest of the 50 weekly, double bottom after at 3k and then bull. This could play out till September.
It'd be pretty CRAZY if the fractal plays out exactly, but what's scaring me is the similiarities, I mean even the wicks we had to eat stops at 50WMA (the whole Bitmex maintenance bonanza at 6500 to 7100 wick) and the wick at 4250 to eat stops at the yellow line, there were very similar wicks at the same regions in 2015.
Also. during the 2017 Bull run, look how reactive the yellow line was as buy signal, and then at the burst, look how reactive both yellow line and as selling signals, so theyre definetely reactive and being watched.
Good luck out there fellas :), if you find this helpful, let me know with a like :)
In 2015 Btc also had a steep fall from the 50MA Daily like we had from 6k to 3k, then it bounced of 200MA Weekly, went up to the yellow line, drop, then go to 50MA, make higher high and drops to retest the bottom............creates a double bottom, then springs through 50MA Weekly and the bull market started.
Now we are very close to the yellow line, which is at about 4250ish, which is what everyone is looking at anyway. If it'd play out as the fractal in 2015, Btc should go there, then fall quite rapidly, that's the first step in this whole fractal, followed by the retest of the 50 weekly, double bottom after at 3k and then bull. This could play out till September.
It'd be pretty CRAZY if the fractal plays out exactly, but what's scaring me is the similiarities, I mean even the wicks we had to eat stops at 50WMA (the whole Bitmex maintenance bonanza at 6500 to 7100 wick) and the wick at 4250 to eat stops at the yellow line, there were very similar wicks at the same regions in 2015.
Also. during the 2017 Bull run, look how reactive the yellow line was as buy signal, and then at the burst, look how reactive both yellow line and as selling signals, so theyre definetely reactive and being watched.
Good luck out there fellas :), if you find this helpful, let me know with a like :)
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