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Bitcoin, Ethereum le Binance Ho Hlophisa Lichelete Bakeng sa Mekhatlo e Meholo e Latelang, Ho latela Crypto Analyst
A popular crypto strategist and trader is looking at fractal patterns to predict where several of the top cryptos are headed after a recent downtrend affected most of the market.
The pseudonymous analyst known as Capo offers his 214,600 Twitter followers a chate that highlights how previous Bitcoin (BTC) price dips early in 2020, as well as this past spring and summer, preceded impressive gains for the top crypto.
“BTC fractal.”
Source: Capo / TwitterCapo is referring to fractal analysis in the tweet, used by traders and investors to predict future price action based on the patterns and trends created by past data. When responding to a question asking for clarification about whether BTC is headed up or back toward the recent lows, Capo o re:,
“Low time frame it’s possible another sweep to the lows, but you never know. Hold is the way.”
Ka nako ea ho ngola, Bitcoin is flat on the day and trading for $57,096.
Capo next turns his fractal lens to Binance Coin (BNB), the native token of the international cryptocurrency exchange Binance. Eena ea hatisa a sequence of previous corrections, parabola bases, and extensions to chart out a potentially wild breakout for BNB in the second half of 2022.
“BNB. Interesting fractal.
I don’t know how long the base of the [parabola] will take, but the breakout could be epic.”
Source: Capo / TwitterBNB is also about even on the day and is currently priced at $624.55.
The analyst goes on to look at the leading smart contract platform Ethereum (ETH) when paired against Bitcoin. Eena e fana ka a chart showing a series of higher highs and higher lows which make him optimistic about ETH’s relative price action over the next few months.
“ETH/BTC.
Squiggly never lies.
I’m still long on this pair…”
Source: Capo / TwitterEthereum is up nearly 5.5% on the day and exchanging hands for $4,695.
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Potso Bitcoin, Ethereum le Binance Ho Hlophisa Lichelete Bakeng sa Mekhatlo e Meholo e Latelang, Ho latela Crypto Analyst e hlahile pele ho Daily Hodl.
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