Simple Geometric Triangular Analysis
Updated
As you can see, it's so simple.
After drawing a meaningful support/resistance line, i made simple 1 triangle.
And another idea is time. Thinking of time-trading, i measured time. that was about over 1000days.
Then using a symmetry, i made the other triangle based on past time(over 1000days)
That's so simple and could be stupid but some possibilities i believe in the law of geometry law.
================
According to asian news, there comes huge bitcoin miners from japan conglomerates.
and another conglomerate like Samsung would be mastermind behind.
because unique and expensive mining device is needed for nice bitcoin mining results
and the core of mining technique is semiconductor and the world best company which make it is that company(Samsung, SK hynix, and other companies).
even few days ago, Samsung introduced mobile mining using over 80 smartphone which is old and sleeping in our archives.
That could be one of the nice hints that Samsung at least is interested in crypto mining.
Now btc mining power is grasped by bitmain, but with more capital power, that possessions could be moved to japan's big IT company in few years, maybe.
and through that process, btc mining competition would be more harsh, and that would lead to depletion of bitcoin supply -> price upwards continuously + destruction stochastic tool to upwards
================
hence, my price prediction are 2 ways.
no.1 is going upwards continuously with decent correction just like Amazon stock.
no.2 is big correction after huge surge as you can see.
After drawing a meaningful support/resistance line, i made simple 1 triangle.
And another idea is time. Thinking of time-trading, i measured time. that was about over 1000days.
Then using a symmetry, i made the other triangle based on past time(over 1000days)
That's so simple and could be stupid but some possibilities i believe in the law of geometry law.
================
According to asian news, there comes huge bitcoin miners from japan conglomerates.
and another conglomerate like Samsung would be mastermind behind.
because unique and expensive mining device is needed for nice bitcoin mining results
and the core of mining technique is semiconductor and the world best company which make it is that company(Samsung, SK hynix, and other companies).
even few days ago, Samsung introduced mobile mining using over 80 smartphone which is old and sleeping in our archives.
That could be one of the nice hints that Samsung at least is interested in crypto mining.
Now btc mining power is grasped by bitmain, but with more capital power, that possessions could be moved to japan's big IT company in few years, maybe.
and through that process, btc mining competition would be more harsh, and that would lead to depletion of bitcoin supply -> price upwards continuously + destruction stochastic tool to upwards
================
hence, my price prediction are 2 ways.
no.1 is going upwards continuously with decent correction just like Amazon stock.
no.2 is big correction after huge surge as you can see.
Trade closed: target reached
good
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.