A pronic number is a number which is the product of two consecutive integers, that is, a number of the form n(n + 1). The study of these numbers dates back to Aristotle. They are also called oblong numbers, heteromecic numbers, or rectangular numbers. The first few pronic numbers are: 0, 2, 6, 12, 20, 30, 42, 56, 72, 90, 110, 132, 156, 182, 210, 240, 272, 306, 342, 380, 420, 462 … and so on.
As you can see a lot of cryptocurency prices usally have a resistance/support levels here or they can serve as areas where price might be revolving around a lot, etc...
For example with BTC we know that in 2017 it went close to 20K top then crashed to 12k then 6K then 3K and it reversed back to 12K then 6K then 3K areas. In this bullrun it went from 12K to 20K to 30K to 42K 56K and so on, right now we are again staying in this 42K area.... So you can notice these numbers represent important areas in the chart. The current top of BTC is 64K, which doesn't fit pronic number sequence which should be 72K, interpret that as you want, but so far looking at a lot of cryptocurrencies they follow this route, unless when it comes to blow of tops or overheated markets.
As you can see a lot of cryptocurency prices usally have a resistance/support levels here or they can serve as areas where price might be revolving around a lot, etc...
For example with BTC we know that in 2017 it went close to 20K top then crashed to 12k then 6K then 3K and it reversed back to 12K then 6K then 3K areas. In this bullrun it went from 12K to 20K to 30K to 42K 56K and so on, right now we are again staying in this 42K area.... So you can notice these numbers represent important areas in the chart. The current top of BTC is 64K, which doesn't fit pronic number sequence which should be 72K, interpret that as you want, but so far looking at a lot of cryptocurrencies they follow this route, unless when it comes to blow of tops or overheated markets.
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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.