I've noticed this fractal play out on Bitcoin since it broke out in April.
-Since the breakout above the trend line, Bitcoin spent about ~20 days consolidating under it
-After the consolidation under the trend line, BTC has a ~40%+ markup.
It's quite simple, I'm long here looking for the next markup to $15,500.
-Since the breakout above the trend line, Bitcoin spent about ~20 days consolidating under it
-After the consolidation under the trend line, BTC has a ~40%+ markup.
It's quite simple, I'm long here looking for the next markup to $15,500.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.