I suspect that there are similarities between the bitcoin fractal in the 2019 - 2020 range and its fractal in the 2021 range to today.
If examined more carefully, its fractals pattern forms a big descending triangle pattern, where the last upward rally in that pattern begins with a double bottom. However, there are high uncertainties regarding how accurate the shape of the triangle might be. Therefore, I feel if
we can map each support - resistance level at that last rally up, we can minimize the trading risks.
Note: I would like to declare that this is not a financial advice. Any presented informations should be regarded as sharing opinion of my trading strategy.
Best Regards
El Suneo
If examined more carefully, its fractals pattern forms a big descending triangle pattern, where the last upward rally in that pattern begins with a double bottom. However, there are high uncertainties regarding how accurate the shape of the triangle might be. Therefore, I feel if
we can map each support - resistance level at that last rally up, we can minimize the trading risks.
Note: I would like to declare that this is not a financial advice. Any presented informations should be regarded as sharing opinion of my trading strategy.
Best Regards
El Suneo
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Note: I would like to declare that this is not a financial advice. Any presented informations should be regarded as sharing opinion of my trading strategy.