AjnoudaSikret

FACE MELTING BTC RALLY ABOUT TO START!? FRACTAL REPEATING ITSELF

Long
BITTREX:BTCUSD   Bitcoin / U.S. Dollar
BTC Finished 4 parts of this fractal and is about to enter the 5th stage, which will be one to remember if traders behave in a similar manner. Considering the fear index ( 40 ), BTC is almost in a stage of extreme fear, and the price is above 10000. That means that people are afraid that the price will drop a lot lower.
9 / 10 times BTC does exactly the opposite of everyone's expectations.

*For total beginners:
FRACTALS are only a visual representation of a trader's psychology, which is repeating in a similar shape or pattern. This doe NOT means that the fractal MUST behave the same way. 5th stage doesn't need to happen at all.

The invalidation point will be the break of the teal trendline which is holding the price for now and making constant higher lows.

Comments

Good job and observation about the fear index. Thanks for sharing.
+1 Reply
From what time is this fractal ? :)
Reply
XLMHAN Xogno
@Xogno, Seems 1D
Reply
@Xogno, it's from the bull run of May-June 2019.
Reply
Xogno AjnoudaSikret
@AjnoudaSikret, Thanks!
Reply
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