Possible BTC/USD fractal...
The 1H chart from end of january is worth to have an eye on.
In the left box the price movement seems actually quite similar to todays development. In January we have seen around 50H from first high in the box to the bottom. Then BTC went up to former high another 50H later.
Applying the same measures on todays chart, we see around 100H to bottom. Assuming another 100H to former top in the right box gives us a target in 10.4k - 10.5k range for tomorrow.
Just an idea...
In the left box the price movement seems actually quite similar to todays development. In January we have seen around 50H from first high in the box to the bottom. Then BTC went up to former high another 50H later.
Applying the same measures on todays chart, we see around 100H to bottom. Assuming another 100H to former top in the right box gives us a target in 10.4k - 10.5k range for tomorrow.
Just an idea...
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