Bitcoin Following the Fractal of June - September 2019

22 Jan 2021

Hi everyone!

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This is just an extra side alternate scenario that will most likely fail since fractals eventually tend to fail. Pretty much an extra to my main short-term idea I published yesterday:

So anyways I had an epiphany earlier this morning and my photo memory made a link to the top action back in June - September 2019. So I had a look and overlapped the fractal over our current action and "voila" we have some kind of similar action there wit ha giant bearish H&S and descending triangle . I am not saying this plays out to the letter, no since the action back then was a Bear Market versus now being in a Bull Market or Megabull I think we see Bitcoin break this fractal quite easily within days or weeks since the fundamentals are strong.

Fun thing anyways, lets see when or when it breaks.

Best of luck and happy trading!
Carl M.

24 Jan 2021

Nota

Likely we do a double bottom at $30,500-29,500 and break back up towards $35,700-36,200

30 Jan 2021

Nota

Similar top around $37,000-38,000, just a bit earlier thanks to Elon Musk!
Clear potential descending triangle that will most likely fail to pan out since we are in a Bull Market or Megabull. Higher probability we break up if we remain within till March