I came across an interesting analysis involving fractal pattern matching. The fractal match is interesting because it lays a 2 hour fractal from 2018 over a 1 day chart. The match is good for almost 6 months so I don’t want to discount the fractal because its born from a different time base, but what justifies patterns of different time frames?

I’m going to continue to follow the structure, but my initial thought is that it is plausible to overlay fractals of different time frames. If the 2 hour fractal is born out of Elliot A-wave reversal followed by an ABC corrective wave then its entirely possible that a daily Elliot A-wave reversal followed by and ABC corrective wave could be very similar in shape. Elliot Wave structures being common for different time bases makes this plausible.

If you are interested, the original video is here
https://www.youtube.com/watch?v=R3ybMeUiThw

My bias is neutral at the moment. I feel BTC is in accumulation. There are good buying opportunities, but my price targets are not being met. I’m keeping relatively small positions and taking profits above 5%. I’m currently long BTC with only 5% of my portfolio.