LTC Bubbles

Updated

Looking forward to see if any pivot points appear near the bubbles with any candlestick patterns. The 2 potential pathways are just for context. This type of drawing is a new project and don't know what to expect from it. Will post updates if anything significant pops up. up. up
~!$>

Note

Faster than expected :)

Note

Little green candle forming near the first ellipse. Is the price running away from it? :)

Note

Greavity. My favorite algorithm in the Universe. Without it, Galaxies would not spin around Black Holes, while stars and planets get eaten by them. Some do bounce though. At the event horizon. After a round about. In the opposite direction.
Will we get sucked into this black baby?? Do we do a round about? I doubt we catapult in these conditions. But we'll see.

Note

When I initially posted this, the daily candle was much smaller but it popped out and drew my interest so I made this drawing. Was not expecting the big drop towards the 85 level so fast.

Interestingly enough, the red path acted like a resistance in this spot, where the price is squeezed between it and the ellipse. Do we do a roundabout on this one? Or does gravity pull us in? There was no catapult at the bulls attempt so far.

Note

Gravity

Note

2 interesting pivot points which could be just coincidences. Marked with yellow other potential turning points. Need at least 2 more at the shapes to even ponder about excluding randomness. A hit on the smiley face on the other hand, would suffice.

Note

The price stayed under the red path and actually bounced from it 3 times. We had a small intermediate pivot point at the first ellipse, a go around the second and I don't know if there will be any other pivot point at any of the shapes left on the chart. Marked date of 31 August could be interesting but I can't guarantee it.

Note

It is the second time the price touches one of the bubbles (this time the one below the smiley face). If there is any intelligent design in this drawing that can anticipate potential future events, one pattern might repeat in this zone: potential pivot point or a go around. After this, one more interesting event is expected on the remaining items in the picture.

Note

Bounced from the marked ellipse which was interestingly position at the end of the downwards blue ellipse. Intelligent design or just coincidences. I hope the bull run doesn't lose steam and heads for the smiley face.

Note

With no new highs, this ellipse could turn out to do just another round about?

Note

Used to be my favorite algorithm."Gravity" draws it into the ellipse at the smiley face time stamp. With the stretch of the imagination I see 3 ellipses aligned in a downward path (priced followed this path) and after that 4 (with the bottom one) aligned on a up path avoiding the polygon area. Too good to be true, to reach 100 from here, but please stay tuned as I expect at least another interesting event in this project, At least a rebound/bounce from the weird shaped polygon.

Note

Approaching the weird shaped polygon which looks like a ladder heading for the last circle in the design. I have a long on this one even if it doesn't look promising. Hopes are up for at least another bounce from one of the shapes before this project is terminated.

Note

Squeezed between the polygon ladder and the bubble. Hopefully this pattern repeats itself with the blue bubble too.

Note

That bullish engulfing finding support on the polygon was nice, but the bubble is almost trying to create a pivot point here. Hopefully the polygon ladder holds and pushes this up for the blue bubble.

Note

Found a little bit of support again on the polygon ladder. Make or break season. This either holds or the price enters the grey zone (weird shaped polygon or Galaxy as mentioned in a previous comment)

Note

The daily candle is not closed yet but as it stands the polygon ladder still holds. #ladderholds

Note

The ladder did not hold and we are now inside the polygon. This confirms the pivot point at the previous bubble, even though it was not what most of us expected or hoped for. One more bounce at a line or shape needed in this project.

nen

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.