That is how most people make analysis. They see what they want to see, they look for indicators and charts that support their views and they thumb em up. And they get REKT.
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I want to add one thing about fractals in general. Do not trade on leverage solely based on a previous fractal. Everybody knows everybody is looking at fractals. So they can also be traps. They can change their shape and size. It all comes down to how the market makers can liquidate as many people as possible. Keep that in mind when looking at fractals.Note
We have entered to the final leg of this wave upwards before a decent pull-back. I adjusted targets as it is impossible to tell yet from the fractal where we are hitting.
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Lets update targets, one more target, because its Bitcoin, gotta think big.
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Be prepared for a potential pull-back. First target was hit already.
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Target 2 will be hit before pull-back I am 80-90% sure of this now.
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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.