republished this idea, some of my updates were banned due to violation of tradinview house rules, but i really appreciate support from you guys, thankyou:)
hey guys welcome for another update on Bitcoin
this is 3rd part of same old pattern 2 series and previous it has 5 another parts, and all those ideas went so precise and accurate, if you're not familiar with this series, check out the previous part below or check my profile to know about all the parts of same old pattern series...
now first what is Mandelbrot fractal , well its a set of complex numbers which creates images with infinite zoom and you get similar patterns inside the patterns when you keep zooming in(correct me here if am wrong here), quite similar like Russian dolls.
almost similar to this we also get a fractal inside Bitcoin's prices, which you can see in top chart.
after forming a top, prices makes a descending triangle formation and than a dump followed by a pump forms a U shape formation, its clearly visualized in Weekly and daily chart above.
going from daily to 4h chart again we get this formation which is almost similar to the weekly chart
going from 4h to 15 min here we see that prices forms a triangular formation and than dumps, but in 15min chart prices looks to get failed and rejecting this pattern at the end.
although its not necessary that prices everytime repeats the same fractal and follow the rules, but this pattern ive found repeated several times and occurred in multiple time frames.
now if this pattern fails which is most likely in last 15min chart than probably we're heading towards lower levels, although the 4h chart doesn't confirms this yet, but this could be an early signal to put more weight in predicting direction.
an overview of weekly chart with my custom indicator and major moving averages
this are the charts that haunts me a lot and makes me to rethink whether its actually a bull market or not?...
as you can see by comparing 2015-17s bull market prices broke the major resistance level and went parabolically high, now the parabolic phase is much larger in 2017s bull run but here its too short and correction phase is almost half in 2018, but now its getting almost double, will talk about this chart in details in my next idea...
alright guys that's all for now, dont forget to hit like and follow us so we keep bringing awesome new ideas for you
this is Husain Zabir signing out...
thankyou:)...
hey guys welcome for another update on Bitcoin
this is 3rd part of same old pattern 2 series and previous it has 5 another parts, and all those ideas went so precise and accurate, if you're not familiar with this series, check out the previous part below or check my profile to know about all the parts of same old pattern series...
now first what is Mandelbrot fractal , well its a set of complex numbers which creates images with infinite zoom and you get similar patterns inside the patterns when you keep zooming in(correct me here if am wrong here), quite similar like Russian dolls.
almost similar to this we also get a fractal inside Bitcoin's prices, which you can see in top chart.
after forming a top, prices makes a descending triangle formation and than a dump followed by a pump forms a U shape formation, its clearly visualized in Weekly and daily chart above.
going from daily to 4h chart again we get this formation which is almost similar to the weekly chart
although its not necessary that prices everytime repeats the same fractal and follow the rules, but this pattern ive found repeated several times and occurred in multiple time frames.
now if this pattern fails which is most likely in last 15min chart than probably we're heading towards lower levels, although the 4h chart doesn't confirms this yet, but this could be an early signal to put more weight in predicting direction.
as you can see by comparing 2015-17s bull market prices broke the major resistance level and went parabolically high, now the parabolic phase is much larger in 2017s bull run but here its too short and correction phase is almost half in 2018, but now its getting almost double, will talk about this chart in details in my next idea...
alright guys that's all for now, dont forget to hit like and follow us so we keep bringing awesome new ideas for you
this is Husain Zabir signing out...
thankyou:)...
Trade active:
undoubtedly you can see whats coming, am completely out of my longs, even if am wrong i wont put my money in risk
Comment:
S&P500 and Nasdaq has already broke the resistance and kept moving higher that's an alarming call for bitcoin cuz crypto is inversally correlated with stocks, this will create vacuum of fresh volume for crypto, be cautious
Trade active:
Juat published my latest update on Bitcoin as i mentioned here, the trap of Bitcoin 4
Check it out
Check it out
