Thought I would throw this little fractal I saw out there. Just to see how far it goes anyway for the fun of it all. The one thing it does show is a move down, and I'm leaning towards that position right now. Sorry doesn't look like I did it correctly bc no fractal.
June 26, 2022 BTC laid in Fractal of Covid crash of March of 2020. Just for some fun for now kind of fits, and would be Great to have it play out. At least for us Longs.
I am showing an Anchor VWAP anchoring on the low of May 11, 2022 on a 4hr. Chart. Then I overlay a Fibonacci scale and pick some corresponding numbers and prices, see what you think. On the Chart I started my captioning at the point where BTC was at. Let me know how you think this could work out.
Update on Bitcoin Fractal, right now Bitcoin is following the fractal at least for the moment.
I found a Fractal from within the last day and BTC is making the move right now following the Fractal for now!
Fractal from July of 2021 with possible move up to 45K. This comes as Bollinger Bands are squeezing on all sides, and usually a major move one way or the other is indicated. The fractal I am using has a nice big bump to it. Bitcoin will not necessarily follow this fractal and probably won't. It's more or less for fun do not place any wagers based on this...
This is a look at the S & P for begging of June in 2022 and a look at a possible move and a price with date with possible predictions showing just a close view of the chart. CME_MINI:ES1!
This is a look at the S & P for begging of June in 2022 and a look at a possible move and a price with date with possible predictions. CME_MINI:ES1!
I was taking a stab at projecting the outcome of a possible head and shoulders move for Bitcoin in the beginning of June. It is a 14 day move the way I have it laying out. This obviously does not mean that Bitcoin will follow this move, but it's fun to learn and try different ways to use the charts.