Bitcoin Fractals Analysis - May 2018
Closer look at the fractals for BTC (see related chart linked below for original chart/thoughts on this area). As you can see, a familiar pattern emerging from the last drop/rise to this one. Also, note that we never retested the log line support line (previous triangle resistance coming down from 19k) and this could line up nicely with a retrace to point D.
According to these fractals, if this comes to pass, next steps would be low 9k range to confirm upper top of a pennant, then eventually choppiness and breakdown of pennant with a quick drop to 7k.
According to these fractals, if this comes to pass, next steps would be low 9k range to confirm upper top of a pennant, then eventually choppiness and breakdown of pennant with a quick drop to 7k.
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