{"id":11084,"date":"2021-03-22T08:36:14","date_gmt":"2021-03-22T08:36:14","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11084"},"modified":"2023-05-03T08:38:03","modified_gmt":"2023-05-03T08:38:03","slug":"bitcoin-is-this-fractal-the-way-to-go-2","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/03\/22\/bitcoin-is-this-fractal-the-way-to-go-2\/","title":{"rendered":"BITCOIN Is this fractal the way to go?"},"content":{"rendered":"

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Very quick update on a Bitcoin fractal I found.<\/p>\n

As you see on the chart the pattern since the March 14th High (which is so far a Triangle), is similar to the price sequence from the January 08 High to (so far) January 17. That sequence used the 4H MA50 (blue trend-line) for consolidation means and the broke further downwards to even break the 4H MA200 (orange trend-line) before it hit the 1D MA50 (green dotted line) and started to rebound.<\/p>\n

The MACD and RSI formations between the two fractals are identical. If the January pattern is repeated then BTC has a potential bottom within 52000 – 50000 (leg (4)). Do you think that’s the case? Will however a break above the Lower Highs (yellow line) invalidate the fractal?<\/p>\n

Feel free to share your work and let me know in the comments section!<\/p>\n

Please like, subscribe and share your ideas and charts with the community!<\/strong><\/p>\n

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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!<\/p>\n

\ud83c\udf89 \ud83d\udc4d Shout-out to TradingShot’s \ud83d\udcb0\u00a0top TradingView Coin donor<\/strong>\u00a0\ud83d\udcb0 this week ==>\u00a0jsunde73<\/a><\/p>\n

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Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/PQgv5NMi-BITCOIN-Is-this-fractal-the-way-to-go<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Very quick update on a Bitcoin fractal I found. As you see on the chart the pattern since the March 14th High (which is so far a Triangle), is similar to the price sequence from the January 08 High to (so far) January 17. That sequence used the 4H MA50 (blue trend-line) for consolidation<\/p>\n","protected":false},"author":611,"featured_media":11085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-11084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11084"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11084\/revisions"}],"predecessor-version":[{"id":11087,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11084\/revisions\/11087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11085"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}