#bitcoin what Billionaire bulls need right now

Bitcoin / Dollar BITFINEX:BTCUSD


This is the longest it’s ever taken from a red vertical to form a fractal high or low in recent times. Is it because market getting ready for a different kind of drop or is something changing that again is going to change the pattern of recent times. It happened already once on 15th August when fractal high mist its target of the light blue Bollinger Band setting up an opportunity for bulls. A break in pattern would occur if price crosses 50% retrace at $6,774.4 and $6,731.3 which is the high of the yellow vertical bar. An Aroon brown bar would be helpful too.

Note: this is the second day above the high formed on the day with the red vertical bar. In recent times has not spent a day higher when going down.

By admin