Bitcoin Consolidation until the 1D MA200 breaks.
Weekend fractal fun time for Bitcoin fans. Will keep it as short as possible.
On the left we have BTC on the 1D time-frame today and on the right BTC on the 6H time-frame in July – September 2021. Not exact copies of each other, but with striking similarities nonetheless, especially on the CCI indicator.
In 2021, a break above the MA200 (orange trend-line), was enough to initiate the massive end-of-the-year rally. Can a break above the 1D MA200 this time kick-start a similar one? Feel free to share your work and let me know in the comments section below!
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