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.
Notice how all of these fib circles match up so well. Peaks and bottom wicks touch all of these fib rings showing that they are all connected. Using these fib circles i connect and compare both bitcoin bear markets taking into account the current price manipulation pushing up price to liquidate shorts.
LTCBTC - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
Hi all, before we get started, like by hitting the button on the right and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the road towards the halving!
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Since our last update, Litecoin broke the bearish H&S we had...
My scenario in force for more than 6 months (see Related Idea for example) had given the dip of December 15 to $ 3150, signing the end of the 2018 bearish retracement.
However, this same scenario saw in the immediate future a pump only up to $ 6500... however, we exceeded $ 8000
Why my scenario could not predict such amplitude / volatility ?
Simply because the...
XRP has been steadily working its way back up the Fib staircase.
It has now reached the Impulse Zone that Tether FUD had brought.
The Impulse Core (.382-.618) will have the most focused selling.
The Outer Moat was the 1.618 from last wave up.
The Outer Gate is the fib 1.0, bottom of Impulse.
The Impulse Exit is the fib 0.0, start of Impulse.
Breach of Impulse...
Welcome Back!
Today I made an update on Youtube detailing 3 coins i felt were ready for a new cycle. DGB was on that list.
With that being said, let's dive into this and see what is in store for us!
Taking a look at the daily chart, We have finished the 3 step process I look for when finding a profitable market cycle.
What you want to see first is always...
Welcome back!
Today I wanted to go over stellar lumens because I see massive profit potential coming very soon.
This was a coin I already made lots of money on back in the last cycle and I see the EXACT same set up happening right now.
DONT MISS OUT!
This idea will give you an in depth analysis on XLM and what I see happening in this cycle moving forward.
Based...
Bitcoin course has just made a rebound on the MA 200 long-term trend.
This had not happened since 2015 (January to October) as my graph shows in logarithmic.
What at the time had signed the end of the bear market in 2014!
This trend reversal signal adds to those of my previous ideas.
To summarize all my ideas, there is a convergence of the following...
BTC increases look like B waves - they have a 3 wave structure. In this situation, the C wave is ahead of us. After the end of the C wave there should be a lot of upward movement
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