If this Fractal plays out, Bitcoin will be $25k by end of October
Don't you just love fractals?
You get to pick and choose which ones you want to apply and when and where..
It makes for some fun mental tinkering (for lack of a better word).
Anyways, if we take the fractal off those march lows from earlier this year which kinda sorts looks similar to the price action we are seeing now, we would see a big move in the coming weeks.
Keep in mind that back in March we were coming off of extremely oversold levels with everyone piling in short because the world was ending due to the virus.
Today the situation is much different.
We have already rallied close to 4x from the lows and the dollar has been crushed over the last couple months.
We have stocks at all time highs and no new stimulus on the horizon.
Basically I am saying I highly doubt this fractal plays outs, but they are fun to play with aren't they!