BTC: May '21 Fractal Tracks to Current BTC Price Action
First, know that I am an amateur technical analyst.
This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback.
Following up on my Jan 22nd post.
We completed the short formed "M" pattern. We did not hit the absolute low, but we did reach the all important target zone below the 2.702 fib. Coming out of the M pattern, we now look to be forming a 'W" pattern which is bullish, as well as potentially an Inverse Head & Shoulders pattern on the local .236 fib, which will provide the market the push it needs to get up to the .702 fib.
Again, don't trade on this analysis. I'm just sharing the world as I see it today.
This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback.
Following up on my Jan 22nd post.
We completed the short formed "M" pattern. We did not hit the absolute low, but we did reach the all important target zone below the 2.702 fib. Coming out of the M pattern, we now look to be forming a 'W" pattern which is bullish, as well as potentially an Inverse Head & Shoulders pattern on the local .236 fib, which will provide the market the push it needs to get up to the .702 fib.
Again, don't trade on this analysis. I'm just sharing the world as I see it today.
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