gummybadger

Possible Flat Kumo Fractal

Long
gummybadger Updated   
BITFINEX:EOSBTC   EOS / Bitcoin
Possible fractal formation with a target gain of 20% over 5 days
Boxes show where price moved and could now move again to a flat topped Kumo which has a tendancy to act as a magnet for price. The first wave of the fractal is almost a perfect match.
Comment:
6 hour chart shows similar fractal being rejected at the Kumo
Also just about time for a break up or a invalidating move.

Comment:
12 hr falling wedge decision time.
Comment:
Tracking quite closely to the bar pattern, if this current 4hr candle closes in the cloud I expect my target to be reached. Entered at 93k sats, took off 25% at a little above100k sats.
Comment:
still on track to go edge to edge, just taking longer than the previous move of a similar nature. still long for 75% of initial investment.
Comment:
And I got stopped out above entry for my inititial stake.
Forgot to update the stop for the other entries and got liquidated... ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.