Theory : A clear cycle controlled by the Number 15! This weeek!
Updated
The function listed above cracks a cycle that is happening in bitcoin. Of course there are a few flaws to this theory, but allow me to explain.
The function above says that if we start a cycle with 13 bars you are going to have a second wave of 28, followed by 43, then 58... etc
Which are plotted starting at the low pre-2017 bullrun.
Same equation works on the upper side, we measure the top of 2017 Bullrun to the following low, this give us a 52 bars count, which is a Gann number. If we applied the same equation backward to get the next low by subtracting 15, we are going to find March low and the next two lows which are projected forward.
The 65 weeks cycle at the very bottom is also very reliable and giving confluence to this idea.
You might need to spend a few minutes looking at the chart and doing your own math to get the idea behind this theory.
Theory : A clear cycle controlled by the Number 15! This weeek!
The function above says that if we start a cycle with 13 bars you are going to have a second wave of 28, followed by 43, then 58... etc
Which are plotted starting at the low pre-2017 bullrun.
Same equation works on the upper side, we measure the top of 2017 Bullrun to the following low, this give us a 52 bars count, which is a Gann number. If we applied the same equation backward to get the next low by subtracting 15, we are going to find March low and the next two lows which are projected forward.
The 65 weeks cycle at the very bottom is also very reliable and giving confluence to this idea.
You might need to spend a few minutes looking at the chart and doing your own math to get the idea behind this theory.
Theory : A clear cycle controlled by the Number 15! This weeek!
Note
This theory is working well so far, so if you shorted the weekly close then congrats! I did take some profit at 36k and lowered my stop to my entry point.
I wouldn't be surprised if we get a strong retracement this week or the following week that may be <= 70% of this current candle, which is my opinion would provide a solid short "scalp" with a tight stop.
The trend could also extend higher and form what could be interpreted as a flag but ending up creating a swing fail similar to 2017's bullrun or 2019 14k high, you see in both cased the price pumped 2 weeks after the high was in. The same thing could happen again, so I would like to be flexible.
we are seeing the first touch at the 20DMA SINCE 20K.
the weekly 9EMA is where I will reduce my position to half at ~27k which is close enough to the Daily 50MA
To get access to any of my scripts feel free to visit my website :
gannbox.com
you can also contact me on Twitter :
twitter.com/Nasser_Humood
Or through TradingView's direct messages.
gannbox.com
you can also contact me on Twitter :
twitter.com/Nasser_Humood
Or through TradingView's direct messages.
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