Just a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action.
To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well.
Let's see how that plays out.
To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well.
Let's see how that plays out.
Comment:
down only since that wick.
Comment:
Well, the train may have left, but you never know...
Comment:
It's too late now, but a different fib pull would of course give me the exact bottom.
Regardless, i think it's on track and nothing has changed, i'm waiting for that drop to 0.65-0.70 to go long for a 200% move.
Also i didn't include it in the charts before, but i see this as a redistribution pattern rather than accumulation. I even had a different version of the btc price predictions as per this fractal, just in a slightly different way, so i updated that as well as we have new data to work with.
Regardless, i think it's on track and nothing has changed, i'm waiting for that drop to 0.65-0.70 to go long for a 200% move.
Also i didn't include it in the charts before, but i see this as a redistribution pattern rather than accumulation. I even had a different version of the btc price predictions as per this fractal, just in a slightly different way, so i updated that as well as we have new data to work with.
Trade closed: target reached:
A little late to update, but this trade was closed as it reached the target. I'm mostly intested in going back in around 0.63 levels after a ~70% drop
Getting more and more interesting