Idea entirely based off of the fractal above. Extreme similarities between the two.
Based on the fractal my ideal entry should be just above $6000. This is just as long as support holds. Final Target would be the 1.272 fib level.
Fractal becomes invalid if we were to make a lower low.
Wish you all the best of luck!
DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Trade ativo
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Entry hit. Current stop/loss is a lower low
Trade fechado: stop atingido
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and here we are. wishing that stop didnt hit lol
Comentário
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While things seem to be looking better, BTC is stuck in a very tight range. We either need a break above 6420, or below 6325 to escape it.
someone must read this and countertrade just for lolz cuz dump started like 30 sec after you posted your entry
oh92
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@dive, lol. I guess they only decided to follow the fractal for the first 9 legs. Probably figured too many people caught on by the 10th
VaidoVeek
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Hello!
I just have to share my last topic - in the update section deeper analysis and educatinal material!
Regards!
CryptoManiac101
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YardleyRosette
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JamesRkaye
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Have you read any of the financial market books/studies by mandelbrot? Just wondering since you use the word fractal a lot (although in a different context)
oh92
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@JamesRkaye, I have not. I’ll definitely look into it though! The context in which I use it is a repeating patterns. Does he have another meaning for the term?
JamesRkaye
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@oh92, he is the guy that made the word fractal, referring to fractal geometry.