Bitcoin (BTC) Morning Update: Fractal #3??
Fractals are similar, not exact, in pattern. They are analogs of each other. I don't use fractals for the exact repeat of price moves; but mostly for direction. For Bitcoin (BTC), the second fractal (white box) played out quite well in direction AND similarity to the first (blue box). Forward discerning uses all relevant information to formulate a future price pathway. The yellow box shows a potential for a third fractal repeat. For Cryptos, they just love to repeat patterns in consecutive sequence. IF the third fractal is correct, it should become clear in 4-5 days or so. From a direction perspective, price should make a higher high (yellow arrow); like the first two fractals.
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