I'm analyzing the fractal pattern discussed in the linked idea below. The previous trend lasted 72 days before beginning the next wave. This pattern now has about 3 days to return to fractal before the pattern is invalidated. If I could draw your attention to the red box at bottom, this is the timeframe in play.
If we see about 2 days that account for 15-20% rise in price (we're at 8% today) this would be a good indicator of return to trend. Once we close above the .5 fibonacci from this trend (~$60,000) I would feel confident calling it game-on.
If we see about 2 days that account for 15-20% rise in price (we're at 8% today) this would be a good indicator of return to trend. Once we close above the .5 fibonacci from this trend (~$60,000) I would feel confident calling it game-on.
