BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
When looking at this fractal , we can see the stages are almost identical here. The shapes are maybe not great, but the movement is almost the same.

1) The big rally towards the red zone, making something that looks like a big triangle
2) Breaking upwards, but which becomes a bull trap and we see an ABC correction down (yellow)
3) Then making the parabolic move up
4) Making another bull flag or triangle, just before the next push upwards

Just seeing this one, wanted to post it because of the similarities. But i have not checked anything else, for example what shape the alts were in and the volume profile . I will look at those things tomorrow. So see this fractal post separate from the normal Bitcoin analysis. Where anything is still possible and the levels ( support and resistance ) there still count.

Another touch of 9400/80 will make a break up likely. But when volume stays low at a possible break out, so when it doesn't show a significant increase, the chances for a Bart move down will be very high! The attempt to break up a few days ago, with the high at 9480 had to little volume and that's why it got pushed back down again.

Maybe good to keep an eye out for, is the bull flag of ETH. In my ETH analysis i showed a possible bull flag in the making, which has been playing out almost perfect so far. So at this point no reason to doubt it yet. What is important with ETH now, because the market is at these highs, that IF a break out happens, it needs to be a big rally and not a slow move up. So doesn't need to be a huge spike, but a good convincing and fast rally up. If that doesn't happen for ETH, things will remain very dangerous IMO . Because when looking at other alts, they are really not believing in another big rally from Bitcoin , at least not yet.



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Current Bitcoin analysis:
Comment: Update on the fractal

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Perfectly Botje.

This is my idea. It's the same one as yours actually but with indicators.


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Bitcoin is leading the whole crypto market to a bull run that can be historical. Some of the keys of it:

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It’s not a fractal!!
A fracta is 3 candles
It’s reaccumulation with uprise
It’s a wyckoffian structure
Learn to trade
Stop giving out false info to people who should be learning from you
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hjschaap gainsbeast
@gainsbeast, very bad comment. Shame on you....
+2 Reply
gainsbeast hjschaap
@hjschaap, Sorry if you don't like the truth, but Botje doesn't know a thing they talk about. I call out all these people who give misinformation. It is not a fractal. He just wants to call it that because he thinks it makes him some kind of high IQ polymath. When all it is, is a basic reaccumulation structure. Either Botje doesn't want to read a book, or pretends that he hasn't read it in a book. Go and search "fractal charting" in google.
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botje11 gainsbeast
@gainsbeast, What the F is your problem man. I was showing these things beginning of 2018, several times until my own followers were telling me David, these things are called fractals. Who gives a F about what it's called. Think the idea is quite straight forward.
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Hey David, great TA as always.Thanks for sharing !

BTW, how can I improve the Pattern&Fractal identification capability? Could you give me some suggestions with the exception of "To learn from the money loss of trading...” .Thanks.

Painkillers
+1 Reply
fractal looks good.
honestly i think this fractal is a special find, and I think you deserve a lot of confidence to find it.
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I started seeing this fractal about a week ago. Looks good!
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