I don't generally post anything for the Day chart, purely because it takes so damn long to reach each of the markers.
For the same reason, I'm obliged to point out when a coin does reach those areas because of their significance in terms of offering safe entries and potential gains.
You may have noticed many coins dumping sharply in the last week, and I'm sure there are many wild and wonderful stories in the media about what caused this.
In my opinion, they're all wrong. It's purely as a result of the overall position in the cycle and creating the appropriately proportioned candles in order to adhere to one of the rules of charting; Fractals. If you look at the charts on the 1min - 1hour timescales, you'll no doubt notice, from-time-to-time that coins move more rapidly at the outlying areas, ie. the end of trends, where the reversal patterns can be expected. Go ahead, take a look. Every instance of a reversal, regardless of its scale, there will be what seems like oversized, really aggressive candles that serve as markers for patterns on a larger timescale. This is the reason they move so aggressively, because they're bound by the rules and therefore HAVE to adhere to the fractal requirements and to do so, they often have to travel considerably larger distances (price variation) to get to those "must reach before you can turn around" levels. Now, scale that up to the day chart, keeping in mind that the same fractal rules apply, and what do you get? Outlying, oversized, really aggressive candles that elicit a media response purely for its sensationalist value, causing reporters and pundits everywhere to immediately start looking for the cause, and unfortunately, "seek and ye shall find" is as true now as it was then. Use it, don't use it. Think for yourself and learn to understand what's really going on.
I guarantee you it's not a new SEC sanction, has nothing to do with an Elon Musk tweet and is not affected in the least by what a "whale" decided to have for lunch.
It's an autonomous system, governed by mathematical laws and nothing we do can noticeably affect it. It is what it is and will go where it has to, to complete the cycle and tick the boxes sequentially in order to reach the next destination. This sounds simple, and applying it retrospectively Always makes sense, but it's not.
I'm working on a project that will offer insight to the methodology that has resulted from years of studying crypto charts and applying a novel, unbiased approach.
DM me to join the waitlist.
For the same reason, I'm obliged to point out when a coin does reach those areas because of their significance in terms of offering safe entries and potential gains.
You may have noticed many coins dumping sharply in the last week, and I'm sure there are many wild and wonderful stories in the media about what caused this.
In my opinion, they're all wrong. It's purely as a result of the overall position in the cycle and creating the appropriately proportioned candles in order to adhere to one of the rules of charting; Fractals. If you look at the charts on the 1min - 1hour timescales, you'll no doubt notice, from-time-to-time that coins move more rapidly at the outlying areas, ie. the end of trends, where the reversal patterns can be expected. Go ahead, take a look. Every instance of a reversal, regardless of its scale, there will be what seems like oversized, really aggressive candles that serve as markers for patterns on a larger timescale. This is the reason they move so aggressively, because they're bound by the rules and therefore HAVE to adhere to the fractal requirements and to do so, they often have to travel considerably larger distances (price variation) to get to those "must reach before you can turn around" levels. Now, scale that up to the day chart, keeping in mind that the same fractal rules apply, and what do you get? Outlying, oversized, really aggressive candles that elicit a media response purely for its sensationalist value, causing reporters and pundits everywhere to immediately start looking for the cause, and unfortunately, "seek and ye shall find" is as true now as it was then. Use it, don't use it. Think for yourself and learn to understand what's really going on.
I guarantee you it's not a new SEC sanction, has nothing to do with an Elon Musk tweet and is not affected in the least by what a "whale" decided to have for lunch.
It's an autonomous system, governed by mathematical laws and nothing we do can noticeably affect it. It is what it is and will go where it has to, to complete the cycle and tick the boxes sequentially in order to reach the next destination. This sounds simple, and applying it retrospectively Always makes sense, but it's not.
I'm working on a project that will offer insight to the methodology that has resulted from years of studying crypto charts and applying a novel, unbiased approach.
DM me to join the waitlist.
Reach out if you're looking for custom targets on your neighbors cousins girlfriends meme coin..
20% Profit share..
20% Profit share..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Reach out if you're looking for custom targets on your neighbors cousins girlfriends meme coin..
20% Profit share..
20% Profit share..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.