Shared this idea on twitter yesterday that so far panned out quite well. Bull div printed to mark the bottom of the steep correction from ~ $58k indicating more downside looking unlikely IMO.
Was surprised at how similar the sell off looked to the $42k local top, so extracted that fractal and overlaid to see if it might make a good guide for this pullback / consolidation period for BTC.
Giga bullish long term view on Bitcoin, think macro wise the chances of the bull market being over are small so bias favours another period of coiling consolidation before a further leg up to ~$72k
If this fractal plays out it will be quite satisfying clicking play on the idea and collecting my clout XP.
Was surprised at how similar the sell off looked to the $42k local top, so extracted that fractal and overlaid to see if it might make a good guide for this pullback / consolidation period for BTC.
Giga bullish long term view on Bitcoin, think macro wise the chances of the bull market being over are small so bias favours another period of coiling consolidation before a further leg up to ~$72k
If this fractal plays out it will be quite satisfying clicking play on the idea and collecting my clout XP.