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.
Buy around 0.073/0.070
Targets
$0.079
$0.085
$0.10
Mid
$0.12
$0.15
$0.17
Long
$0.20
$0.25
$0.35
$0.45
$0.52
$0.72
$0.85
$1
Long targets has low rate to achieve them
Stop_loss:
Close Weekly below $0.065
Risk/Reward
10% / 1250%
Invest: 3% to 5%
we ask Allah reconcile and repay
Old analysis ...
Stellar / USDT has gone through my red cloud which appear as wick that trying to break it up but being pulled back. RSI level shows the north area is still intact. I still believe that Stellar project is one of the best project out there that deserve whatever they got until today. The leading person on this project was also involve in Ripple project (XRP) and the ...
I've had some luck with these repeating patterns before. I believe this is a setup for a fall to 6408 and maybehttps://www.tradingview.com/x/FjkPYwT1/ lower. I am a beginner and this is not trading advice. Good luck all.
We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why?
1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain.
2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal. ...
This is a deep analysis on Fibonacci retracements, Korea Volume, Futures closings, Tether, CNBC and why I believe that $7500 is the most critical point for Bitcoin all year and if we break it, we are moving into a strong bull market and if we fail to break it, we will head back down towards the $5800 levels and possibly lower.
There is a significant fractal ...
The last 9 months for the crpyto market has been a brutal place for the bulls and long term hodlers. Ethereum has seen nearly a 89% drop from the top to the recent bottom of $170.
Looking at price action alone, many would say the Ethereum bear run is far from over. However, when taking volume into account, others could say the bottom may be near.
- The Analysis - ...
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 ...
So I ,like a lot of other people, got excited with XRP leading the charge on what appears to be an altcoin awakening. Several coins had 20% price bumps and XRP led the charge with a bump closer to 50%.
Today I am trying to look at this rationally and base it off what XRP has done in the past, "The Standard" if you will.
I see two possibilities here, the first ...
Seems like things are starting to fade in the cannabis sector ever so slightly. We could see some consolidation midway through next week.
The cyan blue and yellow lines are two paths that could unfold. Of course, this does not account for any huge news landing.
Use your own judgement before investing and always use a stop-loss.
A simple fractal comparison with the last cycle in july-august.
Looking at the fractal, the bottom could be between 6000-5400~.
(This is not financial advice, this is a volatile market where anything can happen)
Hi there,
welcome to an approach to find the future (right side) in the past (left side) using fractals, fibonacci numbers and historic data of BTC. The historic part lacks of the red scenario making the assumption that BTC took the blue pill back then. Some wicks have been considered noise and replaced by wicks nearby. The whole drawing was made on the 1D chart ...
For my fellow crypto-pirates who lived through the 2013 double-bubble party on the titanic S.S. Gox, then clung to driftwood in the great Bear Sea for two years, there are two ways to judge where we're at on the charts:
Either we're already adrift post-peak-bubble and bear season is hardly over (bulls have such short memories of how long bear season can last) -- ...
Bearish 5 Drives megastructure leading into a Bullish 5 drives up to 8500 to which will fulfill the overall Bearish 5 Drives w a target at around 5.5k.
Upon completion of 5.5k retracement OR sideways trending on a strong demand zone, Bitcoin's harmonic may become a Bullish Deep Crab to which will have a target of $10k+.
I've been bullish about bitcoin and I'm ...
Welcome Back Apostles!
How about some more fractals??
Omni has been a coin on my radar recently, as it seems to be playing out a fractal damn near the exact same as the one formed almost a year ago!
Below, I have highlighted some points of interest in helping me determine where this market is headed.
Taking a look at the first fractal we can see the strong ...
