Bitcoin Cash Update (BCH): A FRACTAL !!! What's a fractal?steemCreated with Sketch.

in bitcoin •  7 years ago 

What's a fractal? It's a pattern or form that repeats, but not exactly in same time frame or proportion, but always similar in dimensions.

Take a look at this graph: Do you see a pattern that repeats? A FRACTAL? Step back and discern for a while. I'll admit it took me years to learn this and am still learning how to identify patterns. But, why not start now for the beginners?

Here it is:

Double the cup and handle formation, more bullish confirmations!

I hope you profit mightily using my TA to augment your own DD!


If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for sharing

Oh Forex! I give you my upvote for explaining fractal. But... I think if there was a handle #1, and it was supposed to go up right after, and it did not go up. The second answer: the target is valid.... (if there is NO contrary fundamentals (or news that will make it go down) not the time frame. It is like saying: "It is going up, but whenever it wants to go up." I think Chinese Neo was a great distraction (news) that made traders look to a different coin. Of course, forex has two tendencies: up or down, and a resistence and support law. But the main question is how long will it take to go up again to that same level (above $1,000)? I have the feeling (I am not a forex expert like you) it will be from December to April, if it gets there.

Good thoughts on fundamentals. My experience has been that time and again, an event or a reason will arrive to justify the forecast.

Thats a pretty steep upward angle!

Wow, the Auditor...very fitting!

  ·  7 years ago (edited)

I know, ran out of graph space! The target is valid just not the time frame. I'll make up the time frame by putting out regular updates on XMR.

Fractals are in every feedback process. Fib numbers, golden ratio etc. have the same fractal core. Do you know some serious TA book or school based on fractal teory?

Hi learned my fractal spotting from this guy who's very very good...a Master!
http://www.elliottfractals.com/

Will you adjust your ladder sell points higher?

For Bitcoin? No. Once the rungs in the ladders are executed, I wait and assess for the Wave IV correction.

For Bitcoin Cash? No

OK. Thanks again for the tip!

Beep beep. Hi @summertooth!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!

good - resteem