Hello tradingview, this is the first time I have personally worked with fractals. I was trying to figure out what BTC was doing in this consolidation that could indicate our next move, when suddenly I saw how similar the orange box on the 30 minutes looked like what happened on the 4h early april, you can see the orange box very clearly on the 4H aswell if you compare it to the consolidation in April.
Same pattern, same result? I have no price targets or things like that as I wouldn't know how to get to any. I only think the similarities are striking and you can conclude if for yourself itf you feel the same way.
What you'd probably see in this pattern is a clear reversal of supply and demand, bears thinking they are in control and shorting a bounce but their pressure is in vain and as the price goes up and up more sellers become buyers again and the trend reverses into a downtrend.
Time frames to look at:
4H
2H
1H
30M
These are the timeframes where these fractals are most obviously recognizable. The past few days have been a bit confusing regarding price action but having found this fractal to me it now makes a lot of sense.
P.S.
The purple fractal is better visible on lower timeframes, hence why I expect re-accumulation since the main event happened in early April on a larger timeframe (4h-6h), we'd now see something smaller but still significant enough to impact the market (2h-30M)
Same pattern, same result? I have no price targets or things like that as I wouldn't know how to get to any. I only think the similarities are striking and you can conclude if for yourself itf you feel the same way.
What you'd probably see in this pattern is a clear reversal of supply and demand, bears thinking they are in control and shorting a bounce but their pressure is in vain and as the price goes up and up more sellers become buyers again and the trend reverses into a downtrend.
Time frames to look at:
4H
2H
1H
30M
These are the timeframes where these fractals are most obviously recognizable. The past few days have been a bit confusing regarding price action but having found this fractal to me it now makes a lot of sense.
P.S.
The purple fractal is better visible on lower timeframes, hence why I expect re-accumulation since the main event happened in early April on a larger timeframe (4h-6h), we'd now see something smaller but still significant enough to impact the market (2h-30M)
