Bitcoin (BTC) Mid-Day Update: A "Ghosting" Fractal

SUMMARY

Fractal applications can be unlimited. I was discussing Bitcoin (BTC) with @hardingmedia who shared the below charts. Basically, the July of 2017 correction lasted about 36 days and the price movements of that correction was "ghosted" over the current correction which also is lasting as long. The initial target provides $35k for BTC and the subsequent extension of the ghosting leads to $80k target. Very interesting as to how the July correction in time and pattern ghosts quite well over the current as a fractal.

Here is a close up showing how the fractal overlay can be used as a guide. IF this is fractal in relationship; then likely one more lower low could be expected as shown below.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf