Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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The fractal i told you about before the weekend but was not prepared yet to show it, but did show yesterday after the first wave was set. Most of you know why i did it like that :).
I will explain a bit more about this fractal later today.
Live Bitcoin analysis:
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I had it in a hidden post
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Dont just assume we will be moving up like we did in April. If life was just that easy. But it's worth looking at and if we break the 3600ish, it might be a decent guideline
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This was another fractal, from a few months ago, also based on April. We can see during the Tether crash day, we got that pump. Was it intentional?
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The second part looks very similar as well, with this triangle. However, as we can see, the breakout was a false one back then.
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No big squeeze, getting very identical
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Glad to see the fractal did not play out completely with that fake break of the triangle
How do you find these so well anyway? Just by scrolling through the chart and checking everything with the current date? Or do you just have an amazing memory?
botje11
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@Etch1234, I just have an amazing memory. I recognise certain moves and remember when I say them before. Than just looking back and comparing them
ReallyMe
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Who cares about "April" fractals? Stop living in the past, look forward.
m.sarvi
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@ReallyMe, Dude, Technical Analysis is the science of predicting the future according to the data from the past. How the hell is a TA supposed to stop looking back and be right about future?!
ReallyMe
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@M.sarvi, Just as one can not predict the course of the road by looking in the rearview mirror, the more so as the image in the rearview mirror is several months old, the Technical Analysis can not predict the future, it can only "guess" to some extent, Dude.
Bears just defeated the second attempt to break the 3600 resistance. I see no way to get to 4200. It seems bears are still totally in control and can probably send it down as soon as the please.