$BTC December 2019 vs 2022 Fractal Idea. π
Comparing two similar periods of price action being apart almost exactly 3 years.
Obviously this is just an idea and fractals, as any analysis, should be taken with a grain of salt and simply be seen as what it is, an idea.
Obviously this is just an idea and fractals, as any analysis, should be taken with a grain of salt and simply be seen as what it is, an idea.
What I found interesting is the fact that the 4H 200 MA/EMA match up almost perfectly paired with the price action that has occurred so far.
The period between point 4 & 5 is the main area that's not matched up super well but besides that, it's pretty spot on.
The period between point 4 & 5 is the main area that's not matched up super well but besides that, it's pretty spot on.
Also the magnitude of the moves seen so far has matched up pretty well combined with all the choppy price action and stop hunts.
Thought it was worth a share :)
Thought it was worth a share :)
πΈWhat is a fractal?
A price fractal is a repeating pattern that occurs in financial markets, in which the same pattern of price movement occurs at different scales.
A price fractal is a repeating pattern that occurs in financial markets, in which the same pattern of price movement occurs at different scales.
Fractals are often used in technical analysis to identify repeating patterns and make predictions about future price movements.
I would like to add that context can obviously be entirely different and therefore may make it more or less likely to see the same price action occur.
I would like to add that context can obviously be entirely different and therefore may make it more or less likely to see the same price action occur.
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