The Cock and Ball formation (not to be confused with Monkey balls theory) is a classic and easy to recognize pattern commonly used in forex, crypto and stocks. It consists of two overly sized spherical shapes (this pattern is confirmed if you can find candles that make them look hairy or unshaven.) followed by a massive ejaculation tract into the upwards direction. Fundementals support a move like this because ETC is an acronym. The acronym is "ejaculatory tract coming", which lines up with the next phase in the Cock and Ball formation. You can measure the ejaculatory tract by measuring the phallic shape and overlaying it on the climax point.
Be wary, sometimes this pattern is formed, the phallic shape isnt as solid as this one. Not all of these formations are built the same, some are wider, some are smaller. Some are shorter, some are taller. Some can explode several times in a row, others just can't explode (but it's okay!). This is a pattern that is found in financial textbooks alongside the likes of fibonacci patterns, wyckoff patterns, and UTI patterns.
ETC PT is: Alot. Altcoins will run next year and you better believe this thing will fly
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.