Remember that time when everybody was confused and had no idea what the rally from $3.2k to $14k was, Elliott Waves theory wise ? Is it even possible for a Wyckoff distribution to go off on a ramp like that ? The stages look pretty straightforward, the structure of the other two fractals is remarkably similar to the big daddy (you may need to go on a lower time frame to see it clearly for the smallest one, which is still developing).
Notice the final outcome, given that we're hypothesizing a distribution here, in fact it's a nested distro, just like a Russian doll. The smallest fractal will likely take the price back to or below 3.2k, just as the one in the middle dropped the price to below its starting point. And this is still a forming structure, we have no idea where the big one will eventually rest at. I believe the prospect of seeing $1k BTC by the end of 2021 is not out of the question any longer, if it ever was.
Stay safe, stack some cash for that day.
Notice the final outcome, given that we're hypothesizing a distribution here, in fact it's a nested distro, just like a Russian doll. The smallest fractal will likely take the price back to or below 3.2k, just as the one in the middle dropped the price to below its starting point. And this is still a forming structure, we have no idea where the big one will eventually rest at. I believe the prospect of seeing $1k BTC by the end of 2021 is not out of the question any longer, if it ever was.
Stay safe, stack some cash for that day.