💡💡 The Fractal Nature of Bitcoin: Wyckoff, RSI & MACD 💡💡

In this analysis, I compare the structure of price action, RSI & MACD Histogram during Q1 & Q2 2021, with the compressed structure during Q3 2021.

Key Observations;

1. Q3 2021 appears to be a micro fractal of Q1 & Q2 2021

- This can be observed in price action, RSI & MACD histogram

2. Wyckoff Accumulation / Distribution plays out on all timeframes

3. Volume reflects fractal reduction

Prediction:

1. Test of Support Trend will act as spring to
break resistance and head to next ATH

2. Test & Breakout of Resistance Trend then test of
& Breakout of Local High and head to next ATH

• What are your thoughts?
  
  

yemala