Big Move Ahead For Bitcoin If These Fractals Play Out5.8

In order to predict future market moves technical analysts often look back at previous patterns. The crypto bear market of 2014 and 2015 has often been used as a comparison and repeating chart patterns known has fractals may give us an indication of where Bitcoin prices will go next.

Analysts don’t always use price charts to predict market movements. Bitcoin network momentum has also been used as if provides a good visualization of on-chain capital flows. Crypto trader Josh Rager has taken one of Willy Woo’s BTC network momentum charts and pointed out the fractal patterns. Fractals, which is when a pattern repeats itself on a smaller scale, can be seen in all forms of nature and are repeated in financial markets.

Original source
https://www.newsbtc.com/2019/05/06/big-move-ahead-for-bitcoin-if-these-fractals-play-out/

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