Interesting Fractals on BTC/USD
Spent a while looking at the charts in different time frame to try and figure out where BTC is going. I think the main thing I see here is not an instant drop to -6000 like everyone is saying. I think were going to run sideways for a bit and form a bit more structure ( probably a wedge) before the next big move. I'll be looking for a break of that structure to enter long or short. I have no Bias.
The fractal that you see here repeating itself either leads to a bit more upside, normally forming into a H&S before breaking down again.
Or in some cases it signals the trend reversing.
The red shaded box is where this fractal didn't play out like the others and instead formed a double bottom indicating trend reversal.
The fractal that you see here repeating itself either leads to a bit more upside, normally forming into a H&S before breaking down again.
Or in some cases it signals the trend reversing.
The red shaded box is where this fractal didn't play out like the others and instead formed a double bottom indicating trend reversal.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.