Get started

Dump

Something that isn't talked aboutAccording to every cycle since inception, Bitcoin has repeated some not-so-talked-about patterns. First: every cycle has had a direct hit on the 0.5 log fib as illustrated here What does this mean? Nothing to the ordinary man. But to me, it means every cycle has a distinct half-way point. How do you find that half-way point without knowing the top is in? Some people think that the nonlog 1.618 is the halfway point. To their credit, it certainly is pretty close to the 0.5 fib; however, you can see in 2017 it was a touch high compared to the 0.5 fib. & That margin is getting worse every cycle. It was -6% lower in 2011, it was 1.5% higher in 2013, and 5% higher in 2017. With a continuation of this pattern, we would expect it to be more than 5% higher than the 0.5 fib. Maybe 8-12% higher? That'd be a $26.4k to $27.5k BTC Another way I've determined this is through a predictive 1.5 fib. It was 6% high in 2011, 4.5% high in 2013, and 0.6% low in 2017 or 0.14% difference from the actual 0.5 fib. The predictive 1.5 fib is determined by making a log based retracement from the previous high to low, making a new log retracement from that same low to the .786 of that previously marked retracement, and marking the 1.5 as illustrated here: & Just for those curious about how I'm getting these numbers for 2011 when there wasn't a previous cycle to draw retracements from. I'll illustrate here It's not foolproof, but it's pretty darn good. There is a problem with the idea as the 1.0 fib of my last retracement points to roughly 154k, which is way shy of my 264k top proposal. However, there is wiggle-room, and it could feasibly get that 1.0 fib up to just over 200k. So, I'd argue it's not completely broken. With that knowledge, I can apply things that happened in 2013, 2017, and 2021 so far to 2011 & see if things are repeating. The gold 1.272 to 1.618 range isn't quite there, but the blue 1.618, the predictive 1.5, and the 2.272 (top) is there just like every other cycle so far. If that's not enough to convince you. If you take the previous cycle high, draw a percentage increase to the 0.5 of the next cycle, do that for every cycle, you find a diminishing percentage at a steady rate of 79% of the previous rate. For example: 2011: the percent increase from the hypothetical previous top to the next 0.5 fib was 69.25% 2013 was 56.72% 2017 was 44.87% These are dropping at a steady rate. If you multiply the previous percentage of say 69.25% by 0.79, you get close to 2013's 0.5 fib increase of 56.72% (calculated out to 54%). So that rate would equate to a 34% increase from the 2017 top which is roughly 27k. Like clockwork... So with 2021 & 2017 alike, we touched down on the 1.618 (blue fib), found a higher high, then came down. 2017 came down 4.22% further, and another 4.22% further from where we struck the 1.618 would be right at 27.5k or my predictive 1.5 fib... The margin of error is close and the reversal in the summer of 2021 had me convinced, but now things are appearing a bit clearer. Like my info & would like to keep up? Find my twitter handle @ Ungovernable_io See related ideas for more fun stuff.
INDEX:BTCUSD
by Ungovernable
2
FANTOM head and shoulders ❌🧨Based on the chart, the price formed the head and shoulders and breaks the major support ✔️ and we can see more correction to the downside, at least to our important trend line ❌🧨 if the price breaks the trend line to the downside we can see more correction, at least to our lower support area ❌🧨 and if it stays above the trend line we can see gaining, and our first target is the red trend line ✔️ Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Short
by MadWhale
3
AdaHello friends The market is suffering these days and most of the time it is declining and the best thing to do is to trade daily in good condition and to take a position in the market trend. #ada is falling like the rest and is in a really scary downward triangle, and if the resistance of 90 cents breaks down, the worst case scenario can be imagined to fall to 66 cents, and this fall and correction is logical because the rest of the coins fell by 80%, but #ada 60%. However, indicators and oscillators also show a bad fall. Thanks
Short
by Mahdsdn
Another Distribution On ETH?! Hello everyone! As you can see in the chart after a small bounce, which is the AR we have lower lows and lower highs, which indicate a sign of weakness. HOW DO I PLAY THIS TRADE?! So, first i want to say that i speak in probabilities, so its possible that i will lose this trade, thats why i have a stop loss arround 3130. After we confirmed this sign of weakness i expect to be a UT next, i personally think that will be in the area where we was consolidating 2 days, after this i expect to go down and up again for UTAD or LPSY, could be higher than UT or lower. If this goes well, we will have a dump to fill the daily imbalance to 2718. If you have another opinion, let me know in the comments, i suggest you to dont do like i say if u have another opinion of course. Stay safu guys! I wish you good luck!
Short
by cipriangabriel347
Did DOT Confirmed H&S?! Hello everyone! As you can see in the chart we have a confirmed H&S and a wyckoff distribution, this distribution we can see at a lot of cryptocurrencies, like BTC, ETH, BNB, SOL... . About indicators, we have a bearish divergence on daily which will indicate a possible dump. Where the price will go?! As you can see in the chart, we have a daily imbalance from 20.25 to 19, we can go under this price too, but i think we will have a little bounce from there. This is my opinion and what i use for trading, i have considered trading basic analysis and smartmoney too. Stay safu! Good luck guys!
Short
by cipriangabriel347
Will BITCOIN Will Go Down Again?! Hello everyone! As we already know, this pump left a lot of imbalance, imbalance that must be filled, today i have been noticed that we are in a distribution, like you see in the chart, we formed a SOW, after the next SOW we can expect a markdown that will fill the imbalance left behind(which is at 40972-37430 big imbalance), after that i expect a pump at the zone where we consolidated 2 days, like in 4 december where imbalance from the beginning of the octomber was filled. Of course can be 2 scenarious, the another one is to go 48180-50400 where we also left an imbalance, but i think that will not happen, because we are seeing a SIGN OF WEAKNESS. I think that we need to be patience and wait for the market to show us more signs about next move. Also, indicators looks that we are in an overbought zone and we don't have a lot of strong to continue pumping. Let me know if u have another opinion about BTC, or if you want to add something else too! Good luck traders!
Short
by cipriangabriel347
3
🌳very important terminologies in Trading🌳Hello every one 🟡(1) Price action The Movement of an asset or Security's price over Time , Plotted on The chart 🟡(2) All-Time High (ATH) The Highest asset has Ever been in Price 🟢(3) Support a Point in the market where the Price is less likely to drop below due to previous demand or price action 🟡(3) Resistance a Point in the market where the Price is less likely to break above due to previous demand or price action 🔵(4) Trend line a line indicating the General Price Direction of a chart 🟡(5) break out when the Price of the asset break through a pre-determined Trendline ⚪(6) Formation when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions. 🟢(7) pump or bullish The price of an asset is going up 🟡(7) Dump or bearish The price of an asset is going Down 🔵(8) Long Position a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value 🟡(8) short Position The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Education
by CobraVanguard
21