As i red a book from BenoÌt Mandelbrot, i am now pretty sure that Markets could be better predictable with fractal-structures instead of 'stupid Gauß statistic tools' . So i took the Fractal Indicator with the 'Alligator line' which are bullish, if fractals happen above the red line and the opposite below. As you can see on this chart, everytime there is this 6-star symbol above or below a candlestick, its a 'fractal pattern' and now this happened above the mentioned 'red line' on the 1hr candles :) I am still sitting on my 'bitcoin longterm hodl stash' but if someone waited for the 'Crash' before buying in, this could be the last one below 20k USD ;)
@cryptoboy74, is this Mandelbrot usefull otherwise?
Simon-Rose
⋅
@cryptoboy74, If you define useful as making money than not really but he is really useful in explaining predictable and unpredictable randomness, chaos and Nature, I can only recommend reading his books. For this ‚fractal indicators‘ i can say it was interesting but has not so much to do with Mandelbrot, I also got rid of them, using some oscillators like rsi, cci, mfi and simple moving averages and pivot points for my recent analysis (Not posting here as I moved to telegram mainly for publishing)
Simon-Rose
⋅
@cryptoboy74, LOL rich is relative, I was rich and poor so many times already you won’t believe ;)
Simon-Rose
⋅
Update: we had a little Bear-testing of last Support but still pretty bullish :D maybe you get a better view on this with the day candles on as log-chart:
graham.edwards84
⋅
Thanks for your interesting perspective. I also use fractal theory in my trading strategy. Perhaps you are right about holding above 20 K... in your favor I would say that this next rally will be the rally of the general public so who knows, there is certainly a lot of buzz and many people I know who had no knowledge of Bitcoin a few months ago are all suddenly wanting to get into the market.
Simon-Rose
⋅
@graham.edwards84, thx for follow, nice to hear someone else is also tryint those :D