Nickonomics

Bitcoin (BTC): The Fractal Is Working Thus Far

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In the previous idea we identified a bullish fractal - price behaviour identical to early April. Today the price broke from the channel confirming the setup. From the trading perspective, I was lucky to indentify optimal buy points on a pullback:
Currently, there are two target zones for buyers, drawn on the chart. Oscillators and moving averages have confirmed the upside bias.
Also, don't forget about XLM as it is following the script.
Comment: Another Falling Wedge pattern in LTC:
Comment: Current wave signature:
hi
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HI, i was amazed that your wave is so familiar to me. i spend tens of thousands of dollars to study how to trade ,but wave theory is confused me a lot. in your graph the way that count wave is so familiar to me. i can tell that our method is very similar. but in your graph i think that the interval between ii and iv is different that they are no in the same level. but from the result your mark is better. so can i ask why you mark like that ?
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ssssssniper ssssssniper
@ssssssniper,by the way i study trade from luke, who teach trend trading method. have you heard of it ?
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Nickonomics ssssssniper
@ssssssniper, No, never heard about him.
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Nickonomics ssssssniper
@ssssssniper, There is room for interpretation as far as intraday waves are concerned. The goal is to see the bigger picture, I think.
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ssssssniper Nickonomics
@Nickonomics,agree
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Is it correct that the fractals from your previous idea suggests a breakout from around where the price is now (76xx)? And how much can the fractals deviate before you deem them invalid? I have a setup (chart below) which would deviate a bit from your fractals I believe with some more downside before a breakout. What is you opinion on this setup? Would such a move be possible without making your fractals invalid?

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looks good
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What's the MA-like indicator in Russian?
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Smart but I don't trust always fractals cause you never know when they change idea. But so far your theory is solid!
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