baghdad.cafe

baghdad.cafe Updated 

Notes to explain the TA are written on the chart. Is this what will happen? Heck I don't know, because it may also break down (I think less likely), or continue sideways for a while (maybe 50/50). This chart uses measured moves and fib levels to indicate a probability level of what may happen IF we do break out of the triangle to the upside. If we make a nice...

baghdad.cafe

Bitcoin just loves fractals. Now we have 3 repeating fractals (more if you look closer) in a very strong, newly developed trend line. 3 complete measured moves have already happened in that channel, and we are quickly approaching BTC's previous high before the December retracement. Target zone is the previous resistance area of the green box.