Fractal Pattern Analysis Indicates Bitcoin Could Fall to $2,500 Before Recovery4

Chart and pattern analysis has been widely used to try to predict when Bitcoin and crypto markets will hit the bottom. A huge range of technical indicators combined with historical snapshots are put to work in order to tell us when the optimum time to get back in is. The latest price prediction tool is a fractal which is when a pattern repeats itself on a smaller scale.

Fractals can be seen in all forms of nature and are repeated in financial markets. Mathematical patterns and an element of chaos theory indicate that a random cyclical action will produce a fractal. A recent Forbes piece has applied this pattern to Bitcoin charts stating that fractal patterns tend to repeat at different scales showing nested repeated versions of the same chart pattern.

Original source
https://www.newsbtc.com/2019/01/24/fractal-pattern-analysis-indicates-bitcoin-could-fall-to-2500-before-recovery/

Add comment

Please Sign in to be able to leave comments.