Bitcoin Fractals in Sea Foam on the Descending Channels
usually fractals* in trading seem to look cool and funny... until they are fulfilled ))
*** in my understanding,
a fractal is a repeating graphic pattern that does not belong to official trading patterns due to its rare occurrence and uncharacteristic, individual appearance...
imho ))
*** in my understanding,
a fractal is a repeating graphic pattern that does not belong to official trading patterns due to its rare occurrence and uncharacteristic, individual appearance...
imho ))
ความคิดเห็น:
second update on BTC - January 6, 2022
the initial version of the Short, with adjustments on December 25, is retained ...
after the Triple Top at $51860.0, the bitcoin price broke through the bottom of the flat zone and made my first target - $42479.0 ...
now we have 3 levels,
from which Long is possible:
-) 42479.0 - OB level, Order Block
-) 40891.0 - Double-Bottom level
-) 39231.0 - False Breakout level
... for me the priority is $39k because the level of the 5th Elliott wave is in this zone ... but -
-) ... it's no secret that sometimes (it's not predictable, but supposed) ...
... if after the 5th wave there is a correctional ABC (ABC), then often the level (B) can overlap the level of the 5th wave ... in this case, even below $39k
the initial version of the Short, with adjustments on December 25, is retained ...
after the Triple Top at $51860.0, the bitcoin price broke through the bottom of the flat zone and made my first target - $42479.0 ...
now we have 3 levels,
from which Long is possible:
-) 42479.0 - OB level, Order Block
-) 40891.0 - Double-Bottom level
-) 39231.0 - False Breakout level
... for me the priority is $39k because the level of the 5th Elliott wave is in this zone ... but -
-) ... it's no secret that sometimes (it's not predictable, but supposed) ...
... if after the 5th wave there is a correctional ABC (ABC), then often the level (B) can overlap the level of the 5th wave ... in this case, even below $39k
ความคิดเห็น:
...
ความคิดเห็น:
Update on BTC:
how about next - 4th repetition of Short Fractal
Update on BTC:
how about next - 4th repetition of Short Fractal
ความคิดเห็น:
...or
BTC/USD, 4H — Cup with Handle pattern under formation,
to complete the pattern, the price must break through the level of $44334, return to the retest — only then the pattern will be considered formed
and it will be possible to look for the entrance to Long ...
...or
BTC/USD, 4H — Cup with Handle pattern under formation,
to complete the pattern, the price must break through the level of $44334, return to the retest — only then the pattern will be considered formed
and it will be possible to look for the entrance to Long ...
ความคิดเห็น:
👍👍
👍👍
update on BTC:
the main version remains,
now with the adjustment:
price made Double-Top -
Double Top is bearish pattern -
corresponding to the earlier proposed level of $42,479.0
$39231.0 is added ...