Butcher_of_Bitmex

'Potential' Bullish Fractal Forming

Butcher_of_Bitmex Updated   
COINBASE:BTCUSD   Bitcoin
There is a potential bullish (90% of the time) fractal forming. Pretty early to call; but we shall see. Marked as neutral, as there is a short leg first down to 9350.
Comment:
Same shape, slightly off. Invalid if we fall through the green line.
Comment:
Optional path which goes a bit lower; is probably more likely
Comment:
Now that more of the structure has formed, will create a new edit. Seeing a bounce up to the green line (probably via wick) before a subsequent drop.
Comment:
This is starting to look pretty good.
Comment:
This idea has been fairly spot on so far.
Comment:
Close to switching back to longs.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.