fract

Bitcoin multifractal (1)

BITSTAMP:BTCUSD   Bitcoin
Update in method of the Fractal Analysis
  • All microfractals are evaluated separately.
  • Whole patterns of particular Elliott wave are identified independently.
  • Time fibs will not have a further exploitation need for carrying out fractal measurements to an extent.

Because:
  • Pattern or "identified from history fractal" can contract or expand
  • Market noises create distortions

Therefore, fixed way of using Timefibs can create further misrepresentation for estimating the timing.

EXAMPLE OF TIMEFIB misuse:


The approach of fractal analysis will be more flexible in terms of focusing on specific Elliott wave in subsequent works.
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