I checked fractals for historical bitcoin candles and spent quite a lot of time on this .
I am not really bothered about bitcoin going up or down as i trade levels , just saying this as a base - so when I looked at this i was sitting on the fence with an open mind of Up/Down.
I used lines instead of candles, re-scaled the btc chart from Nov 21 ATH till this day so that I can compare it with previous bear market.
The objective was to attempt fitting an old bear market model on Bitcoins current prices.
Its up for now and bear in mind the following:
1)We won't get to the ATH anytime soon
2) We will come back to early 20k later too ( strange saying it now, because we're inthe early 20Ks - but will move up from this range )
This is my own idea and not a financial advice!
Thanks and enjoy.
De-analysto
I am not really bothered about bitcoin going up or down as i trade levels , just saying this as a base - so when I looked at this i was sitting on the fence with an open mind of Up/Down.
I used lines instead of candles, re-scaled the btc chart from Nov 21 ATH till this day so that I can compare it with previous bear market.
The objective was to attempt fitting an old bear market model on Bitcoins current prices.
Its up for now and bear in mind the following:
1)We won't get to the ATH anytime soon
2) We will come back to early 20k later too ( strange saying it now, because we're inthe early 20Ks - but will move up from this range )
This is my own idea and not a financial advice!
Thanks and enjoy.
De-analysto