Repeating fractal on Bitcoin >> Very bullish if it plays out!
Hi everyone,
If you check out 2018's bear market and the beginning of the 2019 bull market, it can be summarized as below:
1) Descending triangle
2) Capitulation
3) Ascending triangle
4) Massive bullish breakout
Could Q3 & Q4 2019 be printing a very similar fractal but on a smaller time scale and within a bull market this time?! :D
I think it's likely. IFF that's the case, then the bottom is in. Now is a great swing trade buy until Q1 2020.
Cheers,
Leb Crypto
If you check out 2018's bear market and the beginning of the 2019 bull market, it can be summarized as below:
1) Descending triangle
2) Capitulation
3) Ascending triangle
4) Massive bullish breakout
Could Q3 & Q4 2019 be printing a very similar fractal but on a smaller time scale and within a bull market this time?! :D
I think it's likely. IFF that's the case, then the bottom is in. Now is a great swing trade buy until Q1 2020.
Cheers,
Leb Crypto