Following Fractals (BTCUSD)
I've been analyzing fractals quite a bit recently and noticed a relationship between July 2018 to August 2018, and the current period.
When I analyze fractals, I look for previous, lower time frames, that coincide with current, higher time frames.
Looking for a short term long here with an entry between 8150-8200. Exit around 8350-8450.
When Fractals are formed, and there are many previous coinciding relationships, and we are currently within the midst of a portion of the fractal , it is most likely to play out.
I've highlighted the similarities between the two time frames in different colors for easy viewing. You'll see the 2nd chart in the comments.
I believe this is a decent very short term LONG scalp.
If you think this was useful, or at least interesting, drop a like. This is my first publish :)
Thank You,
Mario
When I analyze fractals, I look for previous, lower time frames, that coincide with current, higher time frames.
Looking for a short term long here with an entry between 8150-8200. Exit around 8350-8450.
When Fractals are formed, and there are many previous coinciding relationships, and we are currently within the midst of a portion of the fractal , it is most likely to play out.
I've highlighted the similarities between the two time frames in different colors for easy viewing. You'll see the 2nd chart in the comments.
I believe this is a decent very short term LONG scalp.
If you think this was useful, or at least interesting, drop a like. This is my first publish :)
Thank You,
Mario
Note
Target reached yesterday :) On to the downfall.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.