In my previous post I made an error in scaling the data. Now that we have a bit more of the trend available this updated chart should be a bit more accurate in terms of path. Target still stands: 11.7k Lets see if it 'roughly' follows along. If not.. well than I have to dive back in researching again.
Greetings, Vincent
Comment
⋅
Althought its really hard to match the scale of fractals. We're still following it perfectly. I advise you to seek a signal in indicators to double confirm a possible downfall soon
Comment
⋅
Repetitive wedge fractal scaling smaller. Usually something happens when it scales down to zero. Be on your guard coming days.
Always try to combine fractal info with indicators and huge stop losses to mark your safe zones
Comment
⋅
*Use
Comment
⋅
We just made another drop which confirms the next falling mini wedge. Still going exactly as planned.
Comment
⋅
Seriously? We are projecting every single shape we just did. I've been making quite some profit on these. It's hilarious
Comment
⋅
We've made the drop as predicted. But not as deep as my fractal showed (or it falls later).
The market moves in indecisive territory and I need some more data to make new aligments. For now im back in Bitcoin and made a nice profit on the drop!
Comment
⋅
So as you can see we are moving towards our 7.9 target. That range should be the bottom
Comment
⋅
If you like this idea please upvote it :) Thanks!
Comment
⋅
We are reaching the bottom of our fractal target 7.8k This should be our turnaround point.
Comment
⋅
Well well, what a surprise. We bounced off 7.9k. Feel the power of fractal analysis haha.
Congragulations on the people that followed along. Now onto our next target
Comment
⋅
We have made a beautiful bounce exactly on target. Now we are not out of the woods yet. Our way up will be a bit choppy as you can see in my chart. We should be able to move back up to 8752 before we make another creepy drop.
Keep faith people, if we keep following this pattern our bullrun is in our grasp!
Comment
⋅
Woah, top post on tradingview! Thanks for the love guys!
Comment
⋅
Rough guidance. It's a road full of tension
Comment
⋅
When fractals scale to zero, usually a trend changes occurs. It's possible that our new market cycle will be born here.
Comment
⋅
We are at the center of our fractal now (price is stuck). The direction of our new born fractal will be given soon.
Comment
⋅
The last time we visited this point of the fractal. A new bull run emerged. When a fractal cycle ends a new direction is choosen. That point is now. I have shown you the upside in my prediction but it can very well be a bearish fractal aswell. It's up to the market to decide where we will from here. Let's hope for the best.
Comment
⋅
A serious pump emerged!! We have to wait a bit longer so I can collect a little more data to truely find our direction. But this could be it!
If you liked this analysis, please give it an upvote :-) Thanks guys!
CivilisedWolf
⋅
Seriously? We are projecting every single shape we just did. I've been making quite some profit on these. It's hilarious
rememberthis1
⋅
@VincentBoudewijn, Hey man, seems like you're onto something. Mind sharing with me what books you've studied from?
CivilisedWolf
⋅
@rememberthis1, I've found out about it by noticing that emotions loop in circles. From there I started researching fractal patterns. The concept is very simple and requires a simple mindset. Fractals can be found everywhere. It's a creation by nature. Financial markets (aka our emotions) also follow fractal patterns. If you believe in fractal theory you believe that charts are not random and that patterns loop.
That means that the pattern that we see now has happend in the past, just this time it's scaled much bigger which causes the fractal to have more detaill (As there is much more money involved and our bubble grows bigger).
I hope that answers your question a bit!
Texofalk
⋅
LOL, your moment of truth wasn't long! :D
boederzeng
⋅
That is some crazy shit thats going on with your chart lol :D keep them coming
Looks like it'll get to 7600, maybe 7700 possibly, before turning around. I don't think it can hold the 7240 low of a couple weeks ago. I think it needs to go to 6600-6700ish before any serious upside is achieved
TheLurkingVariable
⋅
@TheLurkingVariable, sometimes, I swear the institutional guys are watching me...I think they read my post cuz it went down immediately after and went through 7240 like a hot knife through butter. Been like that for awhile now