You can see there are 3 main fractals: januari, februari & now
They resemble each other in some way or an other.
What we try to do at the moment is to predict the coming moves of the third (right now) fractal !
The main fractal is build out of hundreds of small fractals.
(look at my explanation at the chart: "The blockchain of fractals")
For predicting we take the piece of fractal from januari because at the moment that resembles the most.
But it is also good to take fractal 2 in view: the fractalmoves of today differ of course!
Best following is by taking the 1minute chart from Bitfinex.
Be carefull, there you see again all strange formed fractals which drive you crazy.
Zoom out to 30 minutes or 1 hour chart from time to time.
Time and hight/lows differ sometimes enormously.
But, you do have a guide to trade! It points out the direction we're going, and sometimes almost equal to former grand-fractal.
The todays fractal is almost to its end (monday?)
Then it starts again......which direction?
Time will tell.
Greetings & happy trade!
Note
1 = 6 mountains/rockets/cathedrals (what ever you like to call them)2 = ascending straight part, sometimes with pauze in the middle (a mountain f.e.)
3 = two cats-ears
4 = descending part in steps
5 = tail (mostly down but also going up)
Note
why so high today?
possible explanation:
B is equal to A now.
In januari and februari it was much lower.
So it's lifted up.
C is higher then B.
In the other fractals it is equal.
So lifted up too!
Twice lifted up thus reaching higher (!?!)
Note
timeframe (always difficult because of acceleration and slowdowns)Note
as we can see now: first cats-ear has been formed at 9620.so highet point reached (?)
second ear also formed.
Going down (a lot!?)
Note
just checked the timeframe.guess what?
I checked what day thursday would be: it's 15 march.
What about the fractal from januari?
15 JANUARI (at 11.30h) !!!!!!!!!!!!!!!!!!!!!!!!!
Note
although it also looks like a pump-and-dump !Note
~18 HOURS IN THE CHART SHOULD BE ~10 HOURS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.