BitcoinLong
💡💡 The Fractal Nature of Bitcoin: Wyckoff, RSI & MACD 💡💡
In this analysis, I compare the structure of price action, RSI & MACD Histogram during Q1 & Q2 2021, with the compressed structure during Q3 2021.
Key Observations;
1. Q3 2021 appears to be a micro fractal of Q1 & Q2 2021
- This can be observed in price action, RSI & MACD histogram
2. Wyckoff Accumulation / Distribution plays out on all timeframes
3. Volume reflects fractal reduction
Prediction:
1. Test of Support Trend will act as spring to
break resistance and head to next ATH
2. Test & Breakout of Resistance Trend then test of
& Breakout of Local High and head to next ATH
yemala
Key Observations;
1. Q3 2021 appears to be a micro fractal of Q1 & Q2 2021
- This can be observed in price action, RSI & MACD histogram
2. Wyckoff Accumulation / Distribution plays out on all timeframes
3. Volume reflects fractal reduction
Prediction:
1. Test of Support Trend will act as spring to
break resistance and head to next ATH
2. Test & Breakout of Resistance Trend then test of
& Breakout of Local High and head to next ATH
- What are your thoughts?
yemala
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