BTC Fractals.

[chessnut]

As an EW analyst I went to the effort of making this illustration of fractals, if not only because some might find it interesting to see. I do not mean for it to be predictive, because by large it is retrospective.

[zoinky]

 

[JustAnotherSheep]

Indeed, it is fascinating. And it is all the more fascinating when you consider the fact that price can essentially be seen as a visualized output of thought and sentiment on a mass scale.

Tells you a lot about the workings of our minds, especially when put in groups.

[tspacepilot]

As an EW analyst I went to the effort of making this illustration of fractals, if not only because some might find it interesting to see. I do not mean for it to be predictive, because by large it is retrospective.

I noticed a self-similar pattern when looking at the all-time chart on bitcoinaverage.com  the other day.  Truly fascinating.  I think that fractals are a hallmark of naturalistic data---including socilogical/behavorial data in mass-systems.

[Elwar]

to da moon!!!

[spazzdla]

I have a lot of Fiat sitting around... dear lord it's tempting to throw a bunch at BTC.. humz..

[Alonzo Ewing]

Are you saying that the part inside the box looks like what follows?

Or are you saying that the part inside the box looks like the whole?

[chessnut]

Are you saying that the part inside the box looks like what follows?

Or are you saying that the part inside the box looks like the whole?

the part in the box looks like the whole and vice versa. There are two other fractals within the whole that look like the whole, the I wave and the V wave (although 'I' is messy). Same for every fractal, down to (i) scale.

I am using the III wave as an example because III waves are always the best defined of all waves.

[pinksheep]

Can someone explain what a fractal is?

[cbeast]

Can someone explain what a fractal is?

Its a mathematical term for self similar functions. They hold similar patterns at different resolutions.

[bananaControl]

Can someone explain what a fractal is?

You might have heard about the Mandelbrot set, it gives you a clear visual idea about what fractals are.

[pinksheep]

I haven't but googling it right now

[chessnut]

http://fractalfoundation.org/resources/what-are-fractals/

the moving illustrations show it best 

[pinksheep]

Thanks chessnut, I'll have a look at that now

[Alonzo Ewing]

This is fairly mind-blowing.  I started to see this in DanV's video.  Actually, I saw the "mother" and child" before I saw his video but his video crystallized the idea.  I just went to bitcoinwisdom and pulled up Huobi's charts (since it has the most liquidity) and even on 15 min, 5 min, and 1 min timescales I see the same pattern as in the top post repeat numerous times as I scroll to the left.

[chessnut]

but it gets even bigger than that.

[Krabby]

Why would this happen?

[chessnut]

Why would this happen?

It is an EW discussion not a FA, but the fundamentals are always merky none he less. plenty of factors that could drive bitcoin higher, and lower.

[Alonzo Ewing]

To me it looks like the current action does not match the previously repeating fractal pattern.  If I had to guess, the underlying action of the market is changing into a new one.

[chessnut]

To me it looks like the current action does not match the previously repeating fractal pattern.  If I had to guess, the underlying action of the market is changing into a new one.

yep in EW every fractal begins and ends a possible juncture. it's an opportunity for a previous or smaller fractal/s to express themselves in alternation creating only self similar properties.