SUMMARY

Fractals are similar, not exact, in pattern. They are analogs of each other. I don't use fractals for the exact repeat of price moves; but mostly for direction. For Bitcoin (BTC), the second fractal (white box) played out quite well in direction AND similarity to the first (blue box). Forward discerning uses all relevant information to formulate a future price pathway. The yellow box shows a potential for a third fractal repeat. For Cryptos, they just love to repeat patterns in consecutive sequence. IF the third fractal is correct, it should become clear in 4-5 days or so. From a direction perspective, price should make a higher high (yellow arrow); like the first two fractals.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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