mabonyi

Bigger fractal of 2017-2018 crash may offer clues

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BINANCE:BTCUSDT   Bitcoin / TetherUS
The two sections highlighted are zoomed out quite a lot and you can see that they bear remarkable similarity to each other. This is the 4H chart of Binance over the last 2 months, compared to the same symbol on the 1D timeframe from late 2017 to today. The area in question is up to May before there was a small correction and continuation.

We should expect from this, as I said in previous ideas, that there is a small touch down before resuming the parabolic. There is no strong bearish argument here either.

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