Just trying to work out where we are
If this is just stretching a leg of the pattern out for a bit of up then the pattern remains
If it was reversal then the pattern may change
If it is caused by a big players withdrawal from the market then the pattern is caused by the algorithm and could change once that big player has left
Could also be a load of nonsense, some...
Let's see it will work or not.
I will try to post more updates, please don't forget to like.
Thanks!
Taylor,
"PSYCHOLOGY OF A MARKET CYCLE OF BITCOIN" idea :
Dear Traders,
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear...
Hello, fellow traders.
As you can see over the past month we have been following a repeating fractal pattern. It's pretty incredible how a seemingly chaotic market can have such choreographed movement.
Fractals can be a great guide at showing where we could go next in price if we continue it's path, but fractals can end abruptly. This is very important to know....
BITTREX:XMRBTC finds itself in a similar spot as the last few times it found a bottom (see clouds).
BITTREX:XMRBTC very rarely makes it to a completed "TD Buy Set UP" for the weekly time frame. In fact, it has historically bottomed in week 7 (which we're in currently) just as it makes a bearish fall beneath the 50MA.
The last 2 weekly 7s (had you bought the...
Rising wedge from 2011 still decides the terms of trading, but the pattern is coming to an end. Throughout the entire pattern, 0.9980 have been a strong level of resistance, keeping the dollar down.
The recurring fractal seem to indicate two things:
1.an imminent bearish run of CHF/USD
2. (perhaps) a break-down from the ascending wedge.
Getting back with...
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...
This is where I think we are at the moment.
I have longs from 6056.6 down to 58 but dont expect a drop below 6040.
Was going to close long just under 6300 but if it plays that way I will see closer to the time.
Hi fellow enthusiasts,
We did indeed break down after my last post and now we are in an upwards channel/rising wedge within the larger downwards channel.
For now I am trading this small upwards channel (buying near the support and shorting near the resistance and taking profit fast.
We never can tell what will happen of course but the most likely scenario at...
