Hellork

BTC Fractal Fortune - Putting Things in Perspective

COINBASE:BTCUSD   Bitcoin / Dollar
What fortune telling do fractals have for us?

Using the Bars Pattern, the whole movement can be condensed down and overlayed across the recent upswing. If we do that, there is this most recent leg sticking down. It's as if it is trying to tell us something. If that leg were lengthened to be as long as it should be to complete the larger pattern, it lines up with the target corner of the fib speed resistance fan. These fib speed fan trends are uncanny in their ability to predict low targets as they proceed almost right down to the lower-right corner. But these patterns have only shown up at the start of a long-term downtrend, in my experience, so they have not made very good buys for holding after that...

Kommentarer