Tags : Fractal

Bitcoin

Sorry Bulls, This Dangerous Bitcoin Fractal Cannot Be Unseen

Bitcoin price is back retesting its current all-time high above $58,000, but hasn’t been able to crack it just yet after a few attempts. However, a fractal found matching the 2019 rally has been discovered in the recent price action that simply cannot be unseen.  Here’s a closer look at the fractal itself, and what […]Read More

Bitcoin

Fractal From Last Bull Run Says Bitcoin Will Hit $100K

Bitcoin price is back over $50,000 after bullish news broke this morning regarding Coinbase officially filing to go public. However, according to a fractal from the last bull market cycle kicking off in early 2017, that number could be merely the halfway point to where the cryptocurrency will trade in just two months from now. […]Read More

Bitcoin

Bitcoin Fractal Sees BTC/USD Hitting $35-40K Before Resuming Bull Run

Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal. First highlighted by TradingShot, an independent crypto trading consultancy, the fractal relies on a flurry of technical indicators to make its short-term bearish case. They include a so-called pitch-fan, three moving averages, and two momentum indicators. All […]Read More

Bitcoin

Bitcoin Expects to Reach $65,000 Next Month, Fractal Analyst Claims

Bitcoin’s run-up to its all-time high above $50,000 this week has prompted a data analysis firm to predict further upside valuations for the cryptocurrency. TradingShot, an independent trading management firm, wrote in its latest note to followers that it sees the BTC/USD exchange rate at $65,000 by next month. And, if the trend persists, the […]Read More

Bitcoin

Bitcoin Fractal That Crashed BTC/USD by 50% Flashes Again in

Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent. According to a fractal first spotted by TradingShot, an independent trade analytics firm, the flagship cryptocurrency’s downside correction move from its recently-established record high near $42,000 is very similar to its plunge in June 2019. That […]Read More

Bitcoin

Eerie Gold Fractal From 2020 Leaves Bitcoin Exposed to $27K-Retest

Bitcoin’s price correction from its record high of approx $42,000 in early January appears eerily similar to that of spot gold in August 2020. In retrospect, the precious metal rallied to its all-time high of $2,075.28 on January 8. Its wild move upward prompted traders to secure profits. As a result, the XAU/USD exchange rate […]Read More