Felix000
Short

#Bitcoin comparison with last double top sell off

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just thought I would use some of what I'm following to see how they worked last time. Interesting Y/N. I think I'll drop one idea which was trying to predict timing of fractal lows by multiplying distance between fractals by three. NOT ADVICE ALL STANDARD DISCLAIMERS APPLY.
Comment: I have pretty much done to death the bear side of this chart for May. I even went long at one stage during the month, so I think I will now focus on a post Bitcoin weekly fractal low. I've been putting some new chart lines in using the previous double top sell off and intend to use them for catching Bitcoin back up. I may also return to my previous daily chart set up and just use this one for testing new ideas.
Comment: On may the May 12 I calculated an 8 - 12 day bear market from May 5 but didn't fall as fast and quick as expected. Didn't have any further stats on whether it could continue for longer than 12 days so I left it at that. Lots of events could have interfered. Anyway now were heading that way maybe market is just completing what it should have completed last Wednesday. I picked the lowest $6,745.1 because of a major trend line otherwise could go lower (see previous posts detailing my calculations if interested)

#Bitcoin Buy zone between $7,271.3 and $6,745.1
Comment: Above is not advice all standard disclaimers apply
Comment: Copy of my latest post heading May 24 and going back to my previous daily chart for better perspective.
#Bitcoin looking to form a pink or blue coloured fractal box ?
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