This fractal is taken directly from last 2017 bull cycle, roughly around the same time of the current cycle.
I show the log chart areas that Im comparing on my Twitter account.
Couple issues come up from this fractal if proven true or close to true.
Early May is the absolute earliest time targets for so many log charts,
Therefore it seems too fast to be real.
If this or something similar did happen within the next two months, a double wave is THEN highly likely in my opinion but only then.
Thing is, the log charts are pointing to being in a similar time in the cycle so it is a bit confusing on where were at right now.
If we DID NOT play out this fractal, I think we'd be in for some pain and longer term toiling around for awhile but..
So far that is not what is happening, unless the large rising wedge is broken definitively to the downside, were still in a move up.
I have said for awhile, it has concerned me that Bitcoin has yet to touch the 200D ema or 20W ema so, everyone is really in a wait and see at this spot for Bitcoin.
Predictions this fractal makes:
$65k as next local top
$56k as next low after that..
$80k area after then
Shakeout back down to old $58-$60k highs to then...
Rocketship up to $200k+
That would all be really fantastic, since I do have a HODL position on BTC but am a trader first so
Seeing Bitcoin overlayed on itself, at a similar spot in a rising wedge formation bull cycle..
It does look like something Bitcoin could do, since it is what its done before.
People will probably have to get shaken out somewhere for this move to happen.
I am currently watching the last $53k low however as none of this has yet to happen.
I show the log chart areas that Im comparing on my Twitter account.
Couple issues come up from this fractal if proven true or close to true.
Early May is the absolute earliest time targets for so many log charts,
Therefore it seems too fast to be real.
If this or something similar did happen within the next two months, a double wave is THEN highly likely in my opinion but only then.
Thing is, the log charts are pointing to being in a similar time in the cycle so it is a bit confusing on where were at right now.
If we DID NOT play out this fractal, I think we'd be in for some pain and longer term toiling around for awhile but..
So far that is not what is happening, unless the large rising wedge is broken definitively to the downside, were still in a move up.
I have said for awhile, it has concerned me that Bitcoin has yet to touch the 200D ema or 20W ema so, everyone is really in a wait and see at this spot for Bitcoin.
Predictions this fractal makes:
$65k as next local top
$56k as next low after that..
$80k area after then
Shakeout back down to old $58-$60k highs to then...
Rocketship up to $200k+
That would all be really fantastic, since I do have a HODL position on BTC but am a trader first so
Seeing Bitcoin overlayed on itself, at a similar spot in a rising wedge formation bull cycle..
It does look like something Bitcoin could do, since it is what its done before.
People will probably have to get shaken out somewhere for this move to happen.
I am currently watching the last $53k low however as none of this has yet to happen.