Bitcoin's Favorite Fractal! (BTC)

Hello friends, traders. This, is an interesting fractal that seems to repeat on the log chart.
It's questionable whether or not this can be considered a reversal pattern, but given the circumstances I believe it to be. Currently, it's inconclusive. Remember, markets don't repeat; they rhyme

This is just something I wanted to point out. Make your own assessment of what it means, if anything. Remember many other factors are at play.

First identified here:



Again here:



And finally here:



I see two scenarios here:
1.) we complete the retracement from my last chart @ 5k and continue up, shown here:

2.) We are headed for a larger retracement, i.e. 4400, then continue up. Shown here:

For now, I will continue to observe. I already closed my short from 5400.