#BTC Fractal Evolution 2
The initial fractal proposed and uploaded on Sept, 7th is still worth. The foreseen ATH had been delayed 2 days and the new ATH is circa 1,5 lower than the expected 1 month ago, However the movement has been extremely similar to the proposed by early September, becasuse of that I can be useful to have an eye on it. From the new ATH a quick retest to EMA20 which is coincident with the last major resistance overcome, seems the most logical market movement. Retest could also serve to clean up a few lengths, to relax the rsi, and lower the fomo a little.
Despite of, and analysing on-chain data, there isn´t a significant increase in active accounts, so it seems that the volume is a consequence of large investors and not retailers, which can be a potential good sign for further increases. Any case , the movement should be fast.
I hope it helps.
No FA, #DYOR
Despite of, and analysing on-chain data, there isn´t a significant increase in active accounts, so it seems that the volume is a consequence of large investors and not retailers, which can be a potential good sign for further increases. Any case , the movement should be fast.
I hope it helps.
No FA, #DYOR
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