Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun!
Now the Median Line per 1.2.3. been shared for the first time here
The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well.
Here is another update of the same pattern:
Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones.
The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance).
This Median line been shared for the first time here:
and then here:
but the most important been this one
Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future.
The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here:
The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors.
Maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
(Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
Tothemoon
EDUCATION: Logarithm Growth Curve Hello, dear subscribers!
Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis.
The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods).
The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts.
Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels.
DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
EDUCATION: Parabolic Growth PatternHello, dear subscribers!
Today's topic is parabolic growth pattern (PGP). This pattern can be applied for the current BTC price analysis.
What is the parabolic growth pattern?
This is a price growth pattern which is formed by the sequence of the bases and price pumps. The base is the price consolidation period after the price growth period.
How to draw it?
The main rule for PGP formation is that the parabola have to touch at least two points from the different bases. You can use arc to apply it on the chart.
How to analyze with PGP?
You can obtain some useful information for the price movement analysis when two bases have already formed and the third base formation is in progress. The main feature of PGP is that when the base 3 is completed the massive growth with a high probability there will be. This growth can be equal to the price change from the beginning of the formation of the parabola, but this growth is much more rapid.
After the last huge price move we should wait the pullback to the base 3 level. This pullback can be sharp or smooth but it is inevitable.
Bitcoin To the Moon in 2021Good Morning, this is my favorite technical analysis for Bitcoin prediction and how the comportament of this volatil assets. So, we can see that Bitcoin is into a simetric triangle from Finally of 2017 when Bitcoin is leave up at near of $20,000 USD. Now, it's seem that Bitcoin doesn't not broke up the grant resistance give us on July 2019 that the maximum year of Bitcoin was near of $14,000 USD on 2019, and so, I remeber that see a Bitcoin in the descendent triangle that I remeber that a broke up and a drop of the -23% that leave at $8,600 after of September 2019. So, in this technical analysis I will give you my prediction and where are we on this moment. So, I hope again an other drop approximmately $5,776 USD after this Halving 2020. It's missing down of less of 2 weeks, and this drop we could see a Bitcoin that will want to complete the elliot wave ABCDE to complete the last letter E and now, aprroximattely in 2021 we will need to see a bullish rally of Bitcoin between 2021 and 2022. Remember going to study trading and accumulate more and more and more satoshis and together we earn the battle of the banks about the inflation, financial crisis of the FED and all banks that we will being scammed of they in asunt of money and liberty.
And my message for you it's that my technical analysisi is classic, but modern. Happy ness day!!!!
Bitcoin LOGISTIC CURVE LOGISTIC CURVE
The logistic curve describes the speed of information dissemination among people. This graph describes the distribution of information in an environment.
At first, a instrument is of little interest to anyone, investors are afraid of buying it, and its price fluctuates around r °. At this time, the initiated ("elite"), solely owning important information, begin to buy it, the price slightly grows. Then the information is shared with a small circle of insiders, individual purchases grow into active buying, the price of the instrument abruptly takes off. The general public is perplexed and can not understand what is the reason. At the third stage, news comes out and investors fearing not to have time to "jump into the last car" buy up this tool that the "elite" and "proxies" are happy to sell to them at the maximum price (with joy, because at that time the "elite" there is already new information that the "elite" has taken into account, a new logistic curve in another instrument begins, or in the same, but with another sign, sales begin). The third stage is completed, when the whole society is aware of what happened, discuss everywhere, in the metro , all who could have already made There is no one to sell.
Practice of application: the most important is to determine at what stage the price for the asset is now at which you paid attention and in relation to which you received some information. You can recognize and apply the Elliott waves .
The main thing is not to get into the crowd number at stage 3. If in all financial newspapers, on news sites, on TV there is a discussion of news / ideas - in fact, it is no longer news, this crowd of investors are bred, and this idea should not be used as its defining action (unless with another sign, directly opposite).
Examples in life and the stock market abound. On the classics the same was done with bitcoin last year
People do not change over time. Information and actions of the consonant received information people do the same actions.
The only thing that changes is the slope of the logistic curve - information dissemination rate
As a rule, 90% of bulls in high. And then the market unfolds and vice versa
If you are constantly being told the same thing, then everybody knows it already. It is necessary to look not at the news
If everyone around you screams the same thing, then you are in the upper zone
The task of stepping back from the noise
The main task is to be in the lower green zone. "When there's blood on the streets, buy property"
The global trend is starting to change?How to understand when the global trend is starting to change?
The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction.
How to found out the moment has come and you need to urgently buy up everything so you do not cry you did not buy the Bitcoin for 6500, when it already costs 25k?
In fact, no one professional analyst or trader can say exactly the trend has reversed. There are always certain moments which just do not allow you to be 100% sure.
But we can give you some signs will help you understand it's time to make neat purchases:
1. Long fall. When you notice price decline continues for quite a long time, this is a sign the turn is getting closer and closer.
2. Falling volumes . If the volume falls noticeably in the long price decline, this is one of the strong signs an impulsive reversal is coming.
3. The price is on par or returns constantly to the same level. Certainly, the correction does not continue all the time, and if it can be seen the price returns to the level of the beginning of the rebound after local bounces, it means the “bottom” is somewhere nearby.
4. Slow motion. When the correction comes to an end, price movements slow down and overall volatility decreases dramatically.
5. Psychology of the environment. For example, when there was a big pump to $ 20,000 per bitcoin, all the people around were talking about cryptocurrency, everyone wanted to buy it, there was, so to say, an overload of the people industry. Then it was a sign it was time to close positions and wait for the falling. It is enough to interpret this observation.
These are the data we have noticed and collected to you understand the market could turn around. Surely, there are a lot of moments, but we gave you the most common and basic ones.
Thank you for attention! Let profit come to your home