Fractals are not only abundant in nature, they are also the building blocks of trends. They are simple yet important, repetitive formations, self-similar across different time frames and used by traders to identify or conform a trend (markets trend about 30% of the time) in order to trade it profitably. When broken apart, they exhibit the same characteristics as greater patterns or price movements. Fractals lag the market, because it takes time for them to form. They can include any number of bars, though the minimum is 5.
Fractals form the swing points of the market (creating fractal levels) and bearish fractals and bullish fractals are distinct. There are several trading strategies based on them, each with their own set of rules for entry and exit. Some traders use them to draw trend lines. Bill Williams uses fractals in his trading system and developed an indicator to identify them. Whether they are used alone or in combination with other techniques such as Fibonacci levels, Support & Resistance, or other indicators, fractals can be useful tools in a technical trader's toolbox.
ETH came back in its previous bearish channel after this surprising short squeeze; but the trend seems to follow back the fractal: this pull back make me strongly believe ETH will dump until it bounces on its main daily channel (black lines).
So, why such a dump until this level? Look closer at the BTC/USD chart: BTC maitains its level since 3 days as ETH has ...
UP Fractal = Resistance, buy on breakout
DOWN Fractal = Support, sell on breakout
If Trend gets going, hold on to position until price closes above/below purple line.
Watch for divergences in Momentum indicator vs. price.
Watch for major and minor corrections that could indicate a new entry point or a slowing price.
After a trend is done, prices will always ...
Hello All,
We're back on big demand with a short-term 2014 Bitcoin Blue Fractal chart which has been spot on and illustrating the Bear Market continuing downward through the Fear/Capitulation phases. Like and follow for more updates.
Since last week, Bitcoin failed to break out past the strong resistance at $7,770-7,650 of the large descending triangle and ...
I didn't see that one coming! I thought it would have been the last moves before the last dump, but it seems another cycle is taking place. Previous moves from BTC chart also tends to confirm we're heading to a strong correction before the moment we're waiting for... ;-)
Hello cryptotraders,
I come back with and idea for BITFINEX:BTCUSD i´ve been reading and developing on the Wyckoff scenarios, so i leave you here my first chart with this method.
After surpassing 7250 BTC is inside the symmetrical triangle, the lower line of the triangle is the one you can see in green that is as well acting as support, the Wyckoff distribution ...
This is logarithmic chart, and yes these are fibs.
The overlay is a segment from 25. Jul 2013 to 25. Jan 2014.
Charts are by nature fractal, so in a way history repeats itself and shows us that our minds work the same way and the patterns repeat.
This time around the scale is much grater, but proportions stay the same and this is the mark of a fractal.
Comparing BTC 0.02% to the 2014 crash, I think we've found our accumulation zone.
In 2014, the crash lasted 1 year with accumulation lasting 9 months during 2015.
The crash of 2018 took 6 months, at the current rate this accumulation will last 4.5 months.
I personally think it will be a little faster.
From this date forward I think we will have 100 days of ...
Idea entirely based off of the fractal above.
Extreme similarities between the two.
Based on the fractal my ideal entry should be just above $6000. This is just as long as support holds.
Final Target would be the 1.272 fib level.
Fractal becomes invalid if we were to make a lower low.
Wish you all the best of luck!
DISCLAIMER:
Please note I am only ...
Experimental Chart.
Due to lack of movment in the crypto market, I have been experimenting will less common tools to aid in technical analysis. The chart above shows a fully extended pitchfork that just about perfectly calls the top.
Not only that but each additional level below that acted as support or resistance at one time or another, meaning this pattern will ...
Some pump broke the initial fractal but it seems the direction is still the same :-)
So I'd go long from ETH value now @ 370€ to 402€, and then go short to 330€; then finally go long as the bull run we all are waiting for should occur! Until what value do you think the first bull run impulse could go? (don't answer *the moon* please! :-D)
TLDR: We should see a continuation of the bear trend leading to THE bottom here in 2018 where the steaks will be set to the fire followed by some large ranging during the summer where we get those sirloins nice and ready.
Looking at the 2014 Fractal, I believe we are at the #1 marker around November 2014. We may not see such a huge spike up in price like before, ...
![BTCUSD: Bitcoin fractals. $333,333 until 2021 [long term]](https://s3.tradingview.com/b/Bp3TLHCR_mid.webp "Bitcoin fractals. $333,333 until 2021 [long term]")
