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Bitkingfx
Jul 22, 2017 10:29 AM

Fractal Idea for Factom shows more downside. Short

Description

The great thing about Crypto charts is they are fractal by nature, if you're a fan of Fractals there are no better charts than Crypto to trade your theory. Just look at Bitcoin its a Fractal traders dream with Fractals appearing almost every month. I will have a future post on this soon.

Looking at Factom we have a perfect Fractal trade coming up, lets see if markets really can be predicted with a theory this simple. Ill set aside my Elliott trading on this occasion and see what happens.

I await with interest,

Good luck traders and thanks for your interest,

Bitking
Comments
CoinDreamer
Strange you think that. Factom is an A+ coin with big buying walls now, and as I see the correction is over from 0.0140 so I think it is going up now...
Bitkingfx
@CoinDreamer, Elliott wave is showing me more upside, which I think is going to be the next big move, however there is every chance we can see a further correction in the meantime. The MACD is still red and until it closes, I'll still be bearish...for now.
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