Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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This is a 1 Day Chart. I took a fractal from previous high to Low (IN SQUARE BOX). Shrunk it down a bit and it fit exact to BTC current moves (Fractal inside circle). I do believe we will hit low 7k before we make a bounce up (DEF not financial advice). Lets see what happens. Charting is fun, relaxes the Soul. Still learning so please bare with me. How am i doing so far?
Comment
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This is very close to hitting the target. The fractal worked very well, Not 100% exact but close enough to project a future forcast. Im going to go with a Fractal, Fib and elliot wave to determine the future long. until next time, lets see where this goes!
Comment
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Next daily candle should enter my Target zone and trade sideways for a bit before it attempts to break the green trend line. The fractal is working very well. Fractal is the same move that is in the red square. Its almost exact.
Comment
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Target Acquired. Now BTCUSD will trade sideways for a bit. I don't see us dropping bellow 7k. So somewhere in the $7100 is a good entry. This fractal was a great. I will post the next fractal that brings us to 25k.
Trade closed: target reached
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This fractal worked very well. My target was hit at$7860 and is trading sideways as planned. I do believe we are going to trade sideway within the target box before we make a bounce off the red trend line. waiting for a major push!
Next daily candle should enter my Target zone and trade sideways for a bit before it attempts to break the green trend line. The fractal is working very well. Fractal is the same move that is in the red square. Its almost exact.