BTCUSD fractal update post flash crash
I'm analyzing the fractal pattern discussed in the linked idea below. The previous trend lasted 72 days before beginning the next wave. This pattern now has about 3 days to return to fractal before the pattern is invalidated. If I could draw your attention to the red box at bottom, this is the timeframe in play.
If we see about 2 days that account for 15-20% rise in price (we're at 8% today) this would be a good indicator of return to trend. Once we close above the .5 fibonacci from this trend (~$60,000) I would feel confident calling it game-on.
If we see about 2 days that account for 15-20% rise in price (we're at 8% today) this would be a good indicator of return to trend. Once we close above the .5 fibonacci from this trend (~$60,000) I would feel confident calling it game-on.
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