This Is Bitcoins Fractal-Structure We Should Anticipate Now!
Hello Traders Investors And Community, welcome to this analysis where we are looking on bitcoins past fractal structure, the comparison to today's fractal-structure, and how the further fractal-structure can confirm similar to the one already established from bitcoin in its price-action. The last couple of days we saw some important and significant bearish volatility to the downside which is currently fitting so far in the fractal-mechanism and the ongoing events we can expect further, this fractal structure is also matching with the rising wedge scenario I mentioned in the past analysis which I recommend you to watch when going to my account and take an insight on it to have a full-depth-overview.
The fractal structure can be divided into three parts with three sub-parts in the first part and each one sub-part in the second and third parts, this means when all these parts are completed the fractal is fully confirmed and there is a high possibility given for the further continuation. As you can see in my chart the first fractal developed with a downtrend-channel from its highs and lows marked in blue within my chart, the same highly similar channel is now developing a second time with the first part of the structure already confirmed and the next parts currently developing and confirming. The final confirmation of the fractal will be with a touch of the middle-line of the huge parallel channel bitcoin is trading in.
Part One (1,2,3 Touches Of The Upper Boundary):
This is the initial part which is marking the actual beginning of the fractal after it confirmed the highly important psychological resistance bitcoin currently has at 10.000 USD after a touch of this level we saw the first heavy supply encounters entering the market pushing the price down and lying the groundstone for the parallel-channel, furthermore, the three touches of the upper boundary are lower highs which is in the most occasions a bearish signal showing the weakness of the bulls and an inability to rally.
Part Two (First Confirmation Below The Lower Boundary):
This part is highly important to confirm the underlying bearishness and the bearish shape of the fractal showing the definite weakness of the bulls while providing a lower low, the fact that the price pushed below the lower boundary and therefore confirmed the parallel channel bearish makes this part a highly successful and solid part of the whole structure. As the market is normally oversold in that condition there comes a little uptrend which is actually a bull-trap and lying ground for the final part three.
Final Part Three (Confirmation Of The Channels Middle-Line):
This is the part which is confirming the whole structure and therefore the next continuation ahead which needs to provide to make a final trading decision. It is marking with an upthrust back from below the channel up to the middle line of the channel as you can see it marked in my chart when this is established the final down thrust establishes which will confirm with a second confirmation below the lower boundary of the channel when this scenario plays out properly the bitcoin will test the next important support-levels in the structure below.
As for now, bitcoin is in the springing from part one to part two which will play out when bitcoin confirms below the lower boundary. It will be highly interesting how this mechanism can play out a second time and where bitcoin will lead when it is confirmed properly, at the moment it is highly important that this develops as suggested but a clear break and confirmation above the upper boundary and 10500 marks will invalidate the bearish scenario. At the moment we should not get over conjectural and wage the possibilities this means to do not rush into a short-trade but wait on the proper confirmation before trading it on the right side, there are definitely some interesting details to keep in mind in the upcoming movements.
In this manner, thank you for watching, support for more market insight and all the best!
Information provided is only educational and should not be used to take action in the markets.
The fractal structure can be divided into three parts with three sub-parts in the first part and each one sub-part in the second and third parts, this means when all these parts are completed the fractal is fully confirmed and there is a high possibility given for the further continuation. As you can see in my chart the first fractal developed with a downtrend-channel from its highs and lows marked in blue within my chart, the same highly similar channel is now developing a second time with the first part of the structure already confirmed and the next parts currently developing and confirming. The final confirmation of the fractal will be with a touch of the middle-line of the huge parallel channel bitcoin is trading in.
Part One (1,2,3 Touches Of The Upper Boundary):
This is the initial part which is marking the actual beginning of the fractal after it confirmed the highly important psychological resistance bitcoin currently has at 10.000 USD after a touch of this level we saw the first heavy supply encounters entering the market pushing the price down and lying the groundstone for the parallel-channel, furthermore, the three touches of the upper boundary are lower highs which is in the most occasions a bearish signal showing the weakness of the bulls and an inability to rally.
Part Two (First Confirmation Below The Lower Boundary):
This part is highly important to confirm the underlying bearishness and the bearish shape of the fractal showing the definite weakness of the bulls while providing a lower low, the fact that the price pushed below the lower boundary and therefore confirmed the parallel channel bearish makes this part a highly successful and solid part of the whole structure. As the market is normally oversold in that condition there comes a little uptrend which is actually a bull-trap and lying ground for the final part three.
Final Part Three (Confirmation Of The Channels Middle-Line):
This is the part which is confirming the whole structure and therefore the next continuation ahead which needs to provide to make a final trading decision. It is marking with an upthrust back from below the channel up to the middle line of the channel as you can see it marked in my chart when this is established the final down thrust establishes which will confirm with a second confirmation below the lower boundary of the channel when this scenario plays out properly the bitcoin will test the next important support-levels in the structure below.
As for now, bitcoin is in the springing from part one to part two which will play out when bitcoin confirms below the lower boundary. It will be highly interesting how this mechanism can play out a second time and where bitcoin will lead when it is confirmed properly, at the moment it is highly important that this develops as suggested but a clear break and confirmation above the upper boundary and 10500 marks will invalidate the bearish scenario. At the moment we should not get over conjectural and wage the possibilities this means to do not rush into a short-trade but wait on the proper confirmation before trading it on the right side, there are definitely some interesting details to keep in mind in the upcoming movements.
In this manner, thank you for watching, support for more market insight and all the best!
Information provided is only educational and should not be used to take action in the markets.
评论
Bitcoins confirmed rising wedge formation beside the fractal structure. 
评论
Information provided is only educational and should not be used to take action in the markets.评论
Bitcoins descending triangle on the smaller timeframes -> Extremely precise analysis. 
评论
Comment: Information provided is only educational and should not be used to take action in the markets.
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