An interesting BTC Fractal... by jrcornel

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bitcoin · @jrcornel ·
$16.59
An interesting BTC Fractal...
# If history repeats from the last rally, here's what comes next...

Fractals sure are fun aren't they?!

They basically take a point in time and extrapolate that same price action to another point in time.

Do they work?

Sometimes.

The one from the earlier run up could be playing out again here, and if so, here's what it would look like:


![image.png](https://cdn.steemitimages.com/DQmaoNPXwXY9Q13zVxNyLYFHXnDWvQ66f9EBPPsJCcef8HW/image.png)

(Source: https://www.tradingview.com/chart/BTCUSD/IuMaxEnA-BTC-fractals/?offer_id=10&aff_id=5962)

This would indicated bitcoin tops out short of $100k.

I'm not sure I agree with that, but we shall see... interesting never the less.
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vote details (30)
@mtl1979 · 
Yet another random doodle... eh...
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@jrcornel ·
$12.10
Doodlers gonna doodle...
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vote details (2)
@mtl1979 · 
Yeah... But it's the people who take them seriously that make me chuckle...

Statistical analysis is what I have been doing since early 1998, so I can see pretty fast when something doesn't add up...
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@jrcornel ·
$9.30
Fractals are fun.
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@jrcornel ·
$9.08
Hopefully it repeats again.
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@jrcornel ·
$8.88
No guarantees out there.
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@jrcornel ·
$8.67
These things fail as often as they succeed.
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@jrcornel ·
$8.47
Hopefully it continues.
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@jrcornel ·
$8.28
Need a higher final price than this though.
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