Bitcoin - Buy The Dip?

in bitcoin •  7 years ago  (edited)

Based on a BTC 4h fractal pattern I noticed before, Bitcoin could provide an opportunity to buy the dip.

BTC Fractal 4h JAN 30.PNG

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Looks interesting, I hope the fractal pattern works out. If it can hold above the recent low, it might well do. These narrow range days are usually followed by big range days, so if it goes up, it might be fast.

True, but there's one big problem in the background: USD Tether and Bitfinex that got sued over printing unlimited USDT. That could really do some damage to the crypto market. As long as the low of JAN 17 holds, I will stay biased bullish though...

It's strange that this is an old story, it might be that the fall was more to do with the strict rules on trading that were imposed by South Korea?