BTC/USD Possible parabolic fractal from 2015?
If we look into history, similar parabolic bull-run after the bear market happened in 2015.
If the current situation was the same and percentages were preserved (circa 126% up, 36% retrace), the current parabolic run would top at 7020 (which we perfectly touched today) and retrace somewhere to the region of 4500 before continuation.
Obviously, volume is not the same (smaller in current run) and it's only a fractal, so this may not play out. But you know, as they say, the history doesn't repeat, but it often rhymes. :) It's my first idea here on TV and observation which may come in handy - let me know how you find it! Cheers.
If the current situation was the same and percentages were preserved (circa 126% up, 36% retrace), the current parabolic run would top at 7020 (which we perfectly touched today) and retrace somewhere to the region of 4500 before continuation.
Obviously, volume is not the same (smaller in current run) and it's only a fractal, so this may not play out. But you know, as they say, the history doesn't repeat, but it often rhymes. :) It's my first idea here on TV and observation which may come in handy - let me know how you find it! Cheers.
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