These drawings came from a suggestion there were yearly patterns in bitcoin -0.40% . I disagreed saying crypto is too young and has been affected by unprecedented events in each "zone".
After losing a shitload of money, I decided to be more careful and observant of the market conditions. I try to do this shit in my head, and then go off feeling, which is what you can't do. This is my attempt at organizing everything I see.
Obviously, history does not always repeat itself, so just an idea. Huge dip we saw, and while there is still fear, the panic is over. Trade safe!
Today's resistance is this week's pivot point, using last week's data, and was support two weeks ago. Support was yesterday's pivot. Coincidences?
In and out of fibs. Ultimately wedging. There will be curveballs. Expect world events to change things but basic shape should remain the same over long term. ETA: two months
You can see here where highs started to be tested and continued to be tested. Big rallies created drastically higher lows. Any deviation was eventually corrected, continuing in an upward direction. This will continue until a high is repeatedly reached at which point lows will be tested. This cycle will repeat as needed. This is obviously the middle of an...
High volume price area. Fib level. Similar previous resistance and ascending triangle. Obviously the circumstances are different but anything can happen.
Volume at .0007 was 770 million. Volume at .0016 is 193 million. Volume at .0016 support is 25% of the volume at .0007 support, or Volume at .0007 support is 4x the volume of .0016 support. .0007 is 43% of .0016, or .0016 is 2.28x .0007 $ Volume at .0016 is 57% of $ volume at .0007, or $ Volume at .0007 is 1.75x $ volume at .0016 $0.0007 * 770,000,000 =...
I'm tracing fibs of fibs of fibs of fibs. Fibception. I'm all fibbed up.
I did some things here. I thought it interesting. Things to look out for: text, data rays, volume profile, little green flags.
It almost looks like Coinbase overreacts to what BTCC does. I know that's not the case, because I'm sure a very small minority of people are watching to see what BTCC does.
Don't see this one used much, so I thought I'd post that alone, without any crazy Fibonacci or Gann Box theories (there are times for that). You can easily see the supports and resistances being formed as she plows through. It's like falling off a tree, and the biggest branch on the way down has the best chance of catching you. Except, on the way down, there is a...
I got it all marked. Just some ideas I was recording.
I think I found some relevant points. What do you guys think?
how does the 3 months ahead work? On the daily the price says $1000 hit this past Dec 26th. Is that right?
Something I just noticed...That peak and valley sin wave pattern stopped. Now just looks like it's in a small decline. In my experience, dying volume for a trend indicates a coming reversal - which means maybe some retracement back to $800 before next leg up? With the low volume, I'm not convinced of a stronger parabolic move upwards. Why so much less volume in...
Does anybody else have this problem? I know they were started in 2012 so there should be at least three more years of data. I hate using another exchange since I only trade on Coinbase.