Triple Repeat Fractal on BTC/USD
Here in this analysis I will show you a fractal that I've been looking at on the 1h for BTC/USD.
This is a structure that has been forming over the last ~10 days. The price slowly builds up, after which it relatively quickly drops again.
This is something I see now on BTC/USD that I recognize from my time trading stocks. It is very common to witness these kind of patterns. It can take a whole year to build up ~15% and then the market can lose it all in 2 weeks.
Now that we've seen a relatively large drop again from ~$11,833 to ~$11,100, we might be seeing a similar pattern again.
If this pattern gets validated, you should probably hold a long position now until about ~$11,600 and then go short until ~$11,000.
Let me know what you think of this analysis, as it's slightly alternative to the ones I usually do.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
This is a structure that has been forming over the last ~10 days. The price slowly builds up, after which it relatively quickly drops again.
This is something I see now on BTC/USD that I recognize from my time trading stocks. It is very common to witness these kind of patterns. It can take a whole year to build up ~15% and then the market can lose it all in 2 weeks.
Now that we've seen a relatively large drop again from ~$11,833 to ~$11,100, we might be seeing a similar pattern again.
If this pattern gets validated, you should probably hold a long position now until about ~$11,600 and then go short until ~$11,000.
Let me know what you think of this analysis, as it's slightly alternative to the ones I usually do.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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(bắt đầu từ tháng 2 - 2023)
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(bắt đầu từ tháng 2 - 2023)
Disclaimer
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