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.
As BTC/USD recently passed an important resistance line, the next key level to watch is around 680 USD.
Bitcoin likes symmetry and it likes fractals.
I think the real rally will begin sometime end 2016/beginning 2017 until the half supply will show its effect and some major economic troubles will unfold, pushing BTC to new all time highs in early 2017.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
As you can see there are two very similar symmetrical triangles on this chart. Price action and length of the triangles are similar. Price could once again breakout on the 18th day of consolidation 8/13/19. Last time this setup occurred, we saw a 130% increase in price. If this happens again, we could see a price of 2150 sats.
Let's see if history repeats...
This chart makes me sad, but i just had to post it so i can tell myself i told you so when it plays out.
It just makes sense, maybe the timing is different though, shorter bearmarket and faster bullrun.
Lets see...
Hi there again,
Here i am again, with some #interesting thing i started to notice a few days ago, doing some chart research on a couple of #cryptocurrencies. Again, this may no mean it's going to happen, so trade as your own risk.
This time is with #Stellar (XLM), and it seems that the #fractal #cycle is about finish, which obviously, makes anyone wonder what...
This is how 2019 is going to play out.
I can't believe how well this fractal lines up with the trendlines and the CME Gaps.
Both gaps at $8494 and $7175 will be filled by mid-September.
Sideway movement will follow until late January/early February.
Launch sequence to the moon will have begun by Mid-February.
After five years in existence, DOGEBTC still serves as the thermometer for the entire altcoin market.
Generally, if DOGE isn't bullish, there's no need to look at altcoins.
Over the past couple weeks, we have seen overall sentiment of the market gradually switch to bear.
Though this may hold true, I though I would share this bullish fractal pattern and possible trading opportunity.
The chart above shows Bitcoin currently sitting just above a long term pitchfork support. This is the second time testing this pitchfork support which...
One of the most pessimistic scenarios in which I do not believe because the market deviation of decline is quite serious. However, I take it into consideration to some extent for long-term trades, because time fibs play significant role in identifying the common cycles and estimating their reversals points on time scale.
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.
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