BTC / USD Potential fractal formation. Important price area

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The chart shows a fractal that can potentially form on this trading pair. I must say right away that fractals in trading are a rather conventional method of analysis, but sometimes they are applicable. This is in addition to the usual technical analysis , nothing more. Helps to logically anticipate potential price movement formation before it occurs long before major market participants. But you need to understand that without other methods of analysis, it is not effective at work.

You need to understand that after the price of 56000 and then 57318 was shown, this local correction at the moment was most likely unavoidable. The main thing is that everything ends with this squeeze, or at least the downward movement of the price only in these numerical values, otherwise the domino effect may occur and after the reversal of the local trend we will see a real reversal of the secondary.

Past trading idea for this trading pair.
BTC /USD Top of the trend Triangle Soon the denouement Psychology

+17.13% 56000$

Comment: The Dragon pattern was formed at 4 hours. Price near the breakout of the local downtrend. Pay attention to the level 48158.30 and 50658.50
Comment: at the moment the level 50658 has not been overcome (red level on the chart). Shown was a yellow arrow. A local uptrend was broken from it (green), similarly shown with a white arrow. Formation confirmation is important. The downtrend local trend line has slightly changed the angle due to the previous local price movements. Level zones and their meaning remain the same. Going long only after overcoming the downtrend and so as not to fall for a false breakout of overcoming the same mirror level (resistance) zone 50658. I would also like to say that for most of the numerical values ​​of the levels are just "random numbers", but there is never anything accidental on highly liquid instruments. There is an attempt to implement this or that scenario shown in numbers. And unlike "hamsters" who adjust to the price, they have no influence on it, but they know "exactly" how it will be, other market players "do not know" exactly how it will come out, there are a lot of components of the process (not cryptocurrencies), but there is attempts to implement one or another planned scenario that may or may not come true.

A similar situation as it was now before overcoming 20 thousand. Similarly, there were several takeaways before continuing the trend. There is a chance that this can and will happen again now. But the probability is no more when the above conditions are implemented.
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You read my mind :D
+2 Reply
SpartaBTC Cryptalion
+2 Reply
Amazing work Sparta
+1 Reply
SpartaBTC TheSignalyst
@TheSignalyst, thank you very much
agreed! this is good, appreciate your work, let's get it!
+1 Reply
SpartaBTC ProjectSyndicate
@ProjectSyndicate, glad to share my thoughts with the community
super! :)
+1 Reply
SpartaBTC btcinvests
I'm expecting 72k as there's a 3.618 fib there
+1 Reply
SpartaBTC shimmeringpath
+1 Reply
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