Thats some fibonaccis since the start of the bull market afer the GFC. Looks quite good, you can see that important levels often get rebought quickly, leading to a multi-month pump. But the pre-condition is, that we are still in that overall bull market.
Just for some imagination here, I personally don't think this will happen. Leave a like and more will come. This looks awefully similar to the Chart of Apple in the early 2000's.
As you see in the charts, the fractals are from the last big recessions, 2001 and 2008. We are in a recession and apple climbed up to its ATH too. So this awefully looks like a last relief rally till this collapses in the Apple Stock. To be fair, there are some other examples were the stock then regained higher highs but this was under other monetary and...
As you see, the nasdaq rolled higher. Many people think there is a similarity to march but there is one big difference. This rally has characteristics of a bull market. It had a long basing and then it moved parabolicly higher instead of rolling over. But still, I expect a pullback of 3% in the coming days. Good luck with your trading.
If the coming weeks show, that this bearflag is valid, we will probably stay a few months at the lows. But this could also be a local bottom for the next few months with a brighter economy and lower inflation. This is a very simple Technical Picture but it gives great trading opportunities. Stay calm and may you have a great Trading journey...
This pattern was a meaningful fractal of the past. You may call it amateur luck or godlike skill to have the right fractal picked out by me. But i think that this fractal is only half right. This fractal will probably not play out that good in future moves. It may be that bitcoin climbs higher than painted by the fractal. Just because this thing was built in a...
This fractal is fitting nearly perfectly on the Bitcoin Pricechart. But from where is this Fracatal? That fractal is the Bitcoin Bearmarket of 2018 inverted. This shows, how Bitcoin declined in 2018-2019 just Reversed. THIS is strengthening my last thesis in my first Trade-Idea, that there will be big to come! PS: Look at the Whales (smart money), who are...
Here is yet again a fractal, which seems to shock due to its accuracy. This fractal is from about 2000 were Apple began a big rally. MY VIEW: This fractal can replicate the further moves of the stock price of APPL, but there is also a little risk involved, because the decision of the FED could let Apple dump much faster, when money will flow out...
Using fractals has really played out for me in the last few months. With them it is way easier to understand what Bitcoin does. This time, there are two fractals, which seem to be quite important. POSITIVE: We are facing the start of the bullrun and the hype gets bigger. The biggest is yet to come. NEGATIVE: The emotions will role over, likewise to 2018,...