Fractals are sometimes difficult to spot are some of their parts are evolving in shape or length but the most important is to catch the trend; it seems this fractal is still repeating and that is going to be finally the last dump before initiating a bullish trend. Here is the fractal I'm talking about:
It looks we have the "M" shape first and the the last...
Hi there,
this quick 5-minute-drawing is more like a memo, some brainstorm or even brain puke. I like to find out how much distortion can be in a pattern. And this one looks pretty much distorted or maybe my amateurish (mis)placement of wrong-sized triangles just makes it look distorted. So let's wait and see. I might update this when the pattern will develop...
The fractal I predicted in June (and have been tracking ever since) is still in play.
We are still sitting on support of the meme pennant at $7700. Will bail on the long opened here if price drops below support at $7600.
hello my good people and thank you following bitcoins path. as you can see we still have high demand around the $7.2-7.5k area. Bitcoins has produced HH and HL on the daily which is telling me a bounce is coming very soon. as you can see my main indicator "laguerre RSI doesn't lie and is indicating that a bounce will happen around the $6.8-7.2k area. Bitmax has...
Vertical lines represent the convergence points. This is a technique I developed and I am still working on it. I will look for fractals around this area and I will watch for price action within the zone to see if we have a similar or inverse fractal formation to aid in predicting future price direction beyond the zone. At this time price action is following a...
Hi all, in my constant efforts to procrastinate, I've attempted to continue to crack the code of the beast that is BTC. There are plenty more analysts who have a multitude of experience on me, but as I am an artist, I've learned that experience cannot beat out perspective. The beauty of technical analysis lies in our ability to decode patterns that others may not;...
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...
Hi there,
this is a trading idea based on the educational post "XVG - Deriving Trends and Channels from a Fractal" i recently made. If you want to know how to mess up a chart with trend lines until it nearly becomes unreadable you should read that post.
That trade idea will be closed when XVG has reached all target levels. If XVG drops beyond this chart we will...
Hi there,
this is my personal fractalish view for the path of XVG as long as it trades between the lower and upper target levels. I derived all information from the bull flag and the triangle part of it. There is pretty much information you can derive from those two patterns (Note: historic candles have confirmed some few levels already). The chart can be seen...
Previous analysis /position: Expecting a bounce from $7,650 to retest $8,000 and then strongly expected the drawdown to continue from there. Short ETH:USD from $450.
Patterns: Lower high appears to be established at $8,500.
Horizontal support and resistance: $7,500 support becoming resistance?
BTCUSDSHORTS: Pulled back sharply from 21,377 resistance. Will they...
An optimistic look at what BTC could do over the coming weeks - I will also post the opposing view to see what the bearish outlook may look like in the next post...again playing around with repeating fractals and Fibs.
There appears to be strong demand around 73XX zone and 7360 has proven to be a strong level previously, if this doesn't hold I anticipate that...
We now have more data than a few days ago & this is the probable path at this point for this set of impulses. It seems we're in the process of forming a wave 4 triangle that matches well with the fractal from April. Looking for a break out of it up & possible push to 9k if bulls get some momentum before a sharper retracement & the final 5th wave.
it looks like we are getting ready to put in the 5th & final wave of this move up. If history repeats itself, what follows will not be pretty. Of course it would be more fun if it just moons right now, but barring some significant fundamental news (ETF?), I have a hard time seeing this as the start of a major rally to a new ATH. Rather, I think it's more likely...
I'm surprised nobody is noticing the similarities. And I hope that it stays that way..
Red lines are my short orders. Expecting an upthrust like so to trap bulls and fill short orders
(there are probably many stops above 8500)
Generous soft stop at 9100.
There was some serious dump at 8300's the first time and OBV hasn't still recovered (low volume rally)
I...
