Fractal
BTCusdt daily MEXC futuresFollowing the previous analysis, Bitcoin is still on the upward path.
In this situation, it is better to buy spot in altcoins.
This is an analysis and my personal opinion.
🔄 UNI: Unveiling Market Fractals! Insight🔄Analyzing UNI's historical price action reveals intriguing fractal patterns, particularly within the context of bullish wedges. A closer examination of these fractals provides valuable insights for potential trading strategies.
📉 Technical Analysis:
🔄 Understanding Fractals:
Fractals, repeating geometric patterns, manifest in financial markets, signaling a resemblance in market behavior across different time frames. UNI exhibits a notable bullish wedge, mirroring patterns from its trading history.
📚 Historical Recap - 2021 Bearish Trend:
Reflecting on 2021, UNI initiated a bearish trend marked by a deceptive breakout from a short-term bearish wedge. The subsequent downturn became a reference point for understanding the current market dynamics.
📈 Trading Dynamics:
🔄 Repetition of Fractal Dynamics:
The present scenario unfolds a larger bullish wedge, characterized by a recent sweep from the top, resembling the 2021 pattern. This could imply a potential repetition of historical price movements.
📉 Anticipated Price Action:
Expectations center around a retest of the lower boundary of the wedge, aligning with historical fractal behaviors. Following this retest, a potential upward movement toward the $20 level becomes a plausible scenario.
🔮 Future Implications:
Understanding and leveraging fractal patterns provide a strategic advantage, allowing traders to anticipate potential market movements based on historical resemblances.
🔒 Unlock my 3 crypto trading indicators for FREE Below! 🔗
sell in resistance (TIA)📊Analysis by AhmadArz:
trading is a business
🔍Entry: 16.34
🛑Stop Loss: 17.59
🎯Take Profit: 15.01
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
DOGE/USD Monthly chart:Very interesting 3 fractal patterns (the power of 3) on the DOGE/USD Monthly charts!
Fractal Pattern #1 (Date Ranges in Orange):
- DOGE was in a consolidation pattern for 1096 days from Dec 2017 to Dec 2020 before starting the massive bull run.
- DOGE has been consolidating since April 2021 and if we were to extend 1096 days out from this date then this puts exactly at April 2024 which aligns with the Bitcoin Halving. If this fractal plays out, then DOGE could potentially start another massive bull run around the halving event!
Fractal Pattern #2 (Date Ranges in Purple):
- The yellow line is the 21 WMA and the green line is the 21 SMA.
- If we measure from the start of DOGE's consolidation in Dec 2017 up to when the 21 WMA (yellow line) crossed below the 21 SMA (green line) in Feb 2019 we can see that this was ~427 days.
- Now interestingly enough, if we measure from the start of DOGE's consolidation in April 2021 up to when the 21 WMA crossed below the 21 SMA in Jul 2022 we can see that this was ~456 days. These two date ranges are pretty darn similar and definitely characteristic of a fractal if I ever saw one!
Fractal Pattern #3 (Date Ranges in Sky Blue)
- If we measure from the time that the 21 WMA (yellow) crossed below the 21 SMA (green line) in Feb 2019 to the time that the 21 WMA crossed above the 21 SMA in Nov 2020 we can see that this was ~639 days.
- Now here's the crazy part. If we were to measure the number of days from when the 21 WMA crossed below the 21 SMA in Jul 2022 out to April 2024 which again aligns with the Bitcoin Halving then we'll see that this is ~640 days. This would be one powerful fractal if it were to play out! DOGE you dog you 🙂
Happy trading!
Will Cable Complete Its Head-n-Shoulders to Drag Price Down?GBPUSD daily bullish trend under threat with pair slowing down. The completion of the Head-n-Shoulders price pattern could drag price down below 1.25000...
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
BTC Dominance to 45.26% this chart is based on Elliott wave theory and also according to DAW theory .. chart repeat it self again and we have not to break 55.29% by any means
MACD confirm that the wave is ABC and dominance has to reverse now to reach 45.26%
and this will give alt coin to pump and go to the moon
INJ going for $100?●INJ holding like a beast
●Daily FVG is holding strong for INJ
●No daily candle closing below the $28.326 for INJ to remain bullish.
●For now INJ looks bullish..New ATH loading
next stops are $61 & $77
Monero 2020-2021 fractalThere are some similarities with the 2020-2021 fractal. If it's able to break into the next range (about 174-270) I believe something beautiful could happen to Monero next year.
AUDCAD Potential sells - 8 Jan. 2024Hey peeps,
Looking for potential sells off this 1hr zone.
We first identified our current range on the 4hr. I moved 1 timeframe lower and from the picture above on the 1hr, the counter trend towards our POI is very clear.
Once price swept the counter trend high on the 1hr within that 4hr IPA, and left an IPA we draw our fib and take it off the 78.6 zone.
Hope this helps you on your journey and follow for more!
NASDAQ-100 REVERTING TO ITS MEAN!As projected last week, NASDAQ100 now dipping, likely to its mean zone.
N.B!
- NAS100USD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#NASDQ
#NASDAQ100
Navigating Gold's Current TrendsRight now, gold is like a positive rollercoaster, with a solid base at $2024. If you're thinking about jumping on, consider doing so around $2088, following a method named after alligator teeth by Bill Williams. Remember the golden rule: don't hang on to losses for too long, but let your wins ride the wave!
EURO WANTS TO DIP A BIT FURTHER...EURUSD
N.B!
- EURUSD price might not follow the drawn lines. Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Same vibe for ETHI just see fractal.
Here looks like double top. Second top always going higher.
Ofc RSI is important on that one.
Gl
RUNE 2023 - BTC 2019 (COMPARISON) part 1RUNE 2023 - BTC 2019 (COMPARISON) part 1
you can clearly see what im doing here, hard to tell where horizontal price levels (unfortunately) are as rune has exaggerated pumps compared to btc.. but the basic shape is there.
momentum shapes are the same, thats good. if this fractal is true its one more leg to go then its cool off for the whole market.
gl
