BTC Zoomed Out Fractal Play

24 de fev. de 2018

Just a quick idea of a fractal I noticed on the weekly chart. One of the best pieces of advice I've heard was "when in doubt, zoom out." Easy to get caught up in intra-day trading and FOMO. Weekly RSI is bottomed out and we're approaching the end of the triangle formed by the master trend line (bottom yellow line) and downward channel trend (top yellow line). Over the course of the next few weeks, I expect good things regardless of if BTC hits 8.8-9k or even possibly less. Of course, if this breaks we'll have to reconsider the strategy, but it does look fine here.