The right or wrong figure, whether or not the fractal will work, whether we draw head and shoulders pattern or not, only time will tell. I believe that with any manipulation in the market, we will not be able to fall lower than 5000 (and this is minus 24%), but the wave to the top can go by 12000 (and this is plus 100%). I decided not to look at the cost of bitcoin and trade in altcoins. In the margin trading I will buy more longs during the breakdown.
@disobey, We work with probabilities, and I do not rule out your scenario. But if Bitcoin drops to 4800 - this will be the ideal version of his movement after which everyone will start to buy it, and therefore I don’t believe in this development. Better to use stop loss.
rockcody
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wonderful
IamJ
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Hi, interesting take. I'm not very familiar with the diamond patterns. But the fractal you're using, I've been charting variations on that for a while (obviously to failure). But, I just put up a chart calling for a bottom, and there are indications on the chart that say that we are headed for an epic increase. An increase that could unfortunately lead to the formation of a right shoulder for a log based head and shoulders pattern. All that's to say, would this still be considered a valid diamond pattern? tradingview.com/x/UunQzPtC/.
Crypto-Adviser
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@IamJ, The right or wrong figure, whether or not the fractal will work, whether we draw your shoulder or not, only time will tell. I believe that with any manipulation in the market, we will not be able to fall lower than 5000 (and this is minus 24%), but the wave to the top can go by 12000 (and this is plus 100%). I decided not to look at the cost of bitcoin and trade in altcoins. In the margin trading I will buy more longs during the breakdown.