Bitcoin fractal road map i used past weeks, April 2018 and 2019
I mentioned here and to my groups many times about i fractal i was using. It was almost the perfect road map the past weeks. The orange zone is where things started to be slightly different, where we had a lower low back then and this time price did not drop below the 4950ish. The purple move was just a wick this time and from the green zone forward it become less clear. Until that blue zone it become more clear again and with that drop from 5600 to 5400 it was getting almost perfect again as well. Because the triangle starting to take form just until that Bitfinex news came out created that dump from the 5500 to 5000.
On top of this, a big confirmation of this fractal, back in 2018 there were so many bears on TV not accepting a big shake out upwards would happen, which was the same this time as well. So almost everything was perfectly aligned for another good rally, i really think it would have played out as well if it wasn't for Bitfinex. An important condition was to see the blue line play out first, so seeing another touch of 5600. Something i also mentioned on TV. If that would have happened, i would have gone long blindly at the 5500/50.
Anyway, not really useful anymore, just wanted to show even though fractals have become less reliable, they are still out there. I noticed this one around 12 April, since i don't have the time i had a year ago to really do my research to find it sooner. Who knows, maybe if we see a Bart move back up to 5500/5600, it will still play out, but i would not put my faith in it now.
Few recent fractals, if you want to see more i used a year ago, look in my history and you will find many more.
On top of this, a big confirmation of this fractal, back in 2018 there were so many bears on TV not accepting a big shake out upwards would happen, which was the same this time as well. So almost everything was perfectly aligned for another good rally, i really think it would have played out as well if it wasn't for Bitfinex. An important condition was to see the blue line play out first, so seeing another touch of 5600. Something i also mentioned on TV. If that would have happened, i would have gone long blindly at the 5500/50.
Anyway, not really useful anymore, just wanted to show even though fractals have become less reliable, they are still out there. I noticed this one around 12 April, since i don't have the time i had a year ago to really do my research to find it sooner. Who knows, maybe if we see a Bart move back up to 5500/5600, it will still play out, but i would not put my faith in it now.
Few recent fractals, if you want to see more i used a year ago, look in my history and you will find many more.
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