SUMMARY
Fractals are similar, not exact, in pattern. They are analogs of each other. I don't use fractals for the exact repeat of price moves; but mostly for direction. For Bitcoin (BTC), the second fractal (white box) played out quite well in direction AND similarity to the first (blue box). Forward discerning uses all relevant information to formulate a future price pathway. The yellow box shows a potential for a third fractal repeat. For Cryptos, they just love to repeat patterns in consecutive sequence. IF the third fractal is correct, it should become clear in 4-5 days or so. From a direction perspective, price should make a higher high (yellow arrow); like the first two fractals.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Indeed Fractals are similar through time
https://steemit.com/bitcoin/@goldmine2018/will-the-bitcoin-value-repeat-the-past
Of course we are looking at this comparison and understanding the possibility, I’m glad to see it side by side. One positive is the similarity of the rounding of bottoms that marked the end in 2014 decline have shown in our last double bottom.
I think the fact that BTC prices have proved remarkably resilient amid the collapse of what was once the world's largest trading platform (Mt Gox) should tell us that BTC itself is more resilient that mainstream opinion would have us believe.
Fractals are everywhere...they are the building blocks of life! Thanks @haejin
I agree with your opinion.
Thank you for the good information.
Follow us up and do not forget to leave an upvote. https://steemit.com/crytocurrency/@cryptoanalyzed/predict-and-win-steem-and-sbd-may-1st-2018
Thank you.
Excellent article, you have a great blog! I followed you, I hope you will follow me. I'm interested in this direction as well as you, let's develop Steemit together.
He doesn't have time to follow you. He's busy following fractals.
Hala back for the 'fractals'. Learning is the dream..
@haejin, what do you think about the potential of the rising wedge? i noticed it yesterday
Yes, very applicable.
https://steemit.com/@thabiggdogg/found-ranchorelaxo-s-bitshares-account
I FOUND OUR STEEMIT MONEY
Account Opened December 19, 2017. @BernieSanders started the #FlagWars on December 20, 2017, because of @RanchoRelaxo's huge upvotes for @Haejin. Haejin & Rancho thought they could hide all this money. I found it. Now get it back. It belongs to us. The good people of STEEMIT!!! It belongs to all the people he FLAGGED over & over. @NED what are you going to do about this?
https://wallet.bitshares.org/#/account/ranchorelaxo2017
https://cryptofresh.com/u/ranchorelaxo2017
4/22/2018 Currently Worth At 0.26 a share: $5,660,146.0422
$5.6 Million FUCKING DOLLARS!!! That's OUR STEEMIT MONEY that has been scammed!!!
Thanks for the interesting view on Bitcoin and wave theory.
Would love to get feedback on my recent price action analysis of Bitcoin https://steemit.com/bitcoin/@larsfx/bitcoin-price-action-for-the-upcomming-week