I found an extremely similar fractal on the chart, especially in terms of the structure of movements.
A similar scenario is formed. Quotes in the market are like a Brownian movement - it cannot be predicted for a single period of time, however, when the ticker hits a breakpoint on the chart, it forms a structure that will be similar to that which was formed earlier, in a different period of time.
This control point is called the bifurcation point.
333
You can see that in the previous cycle, the price was trading in a downward structure for 333 days, after which the final impulse went to 52% (Where was the best entry point)
All fractal analysis in trading comes down to determining the location of this point, since it is from it that the entire forecast will be built and our position in the market will be determined.
10/09/2022 bifurcation movement point
Looking at the historical bearish cycles, it is noticeable that BTC was declining by 86.9% and at 84.16% is now 71%....
But it is always important to look at the global picture - the bear market will eventually end and growth will begin.
These are all just my observations. To be honest, I don’t really want this scenario to work, well, the market doesn’t care and needs to be flexible.
A similar scenario is formed. Quotes in the market are like a Brownian movement - it cannot be predicted for a single period of time, however, when the ticker hits a breakpoint on the chart, it forms a structure that will be similar to that which was formed earlier, in a different period of time.
This control point is called the bifurcation point.
333
You can see that in the previous cycle, the price was trading in a downward structure for 333 days, after which the final impulse went to 52% (Where was the best entry point)
All fractal analysis in trading comes down to determining the location of this point, since it is from it that the entire forecast will be built and our position in the market will be determined.
10/09/2022 bifurcation movement point
Looking at the historical bearish cycles, it is noticeable that BTC was declining by 86.9% and at 84.16% is now 71%....
But it is always important to look at the global picture - the bear market will eventually end and growth will begin.
These are all just my observations. To be honest, I don’t really want this scenario to work, well, the market doesn’t care and needs to be flexible.
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