This Looks No GoodI just learned what OBV is and if my interpretation of it is correct then this is a bad sign.
Not financial advice, I don't know what I'm doing.
Esoteric
Red Pill"You Take The Red Pill - You Stay In Wonderland, And I Show You How Deep The Rabbit Hole Goes."
The rabbit hole goes to < $300 by Christmas.
BTC: new assessment; 72hr response.relief rally is lined with much optimism.
expecting extreme volaility and swings for the next 72hrs.
CZ leaked plans early, hence the 48.1k price liquidation, either this is a signal that CZ is in trouble for sneminem to come to the rescue and save him from the bogdanoffs, or this level will be revisited because the script leaked (or so my source says)
plus we have witchcraftery brewing meme magic on crypto twitter. absolutely repulsive how much effort has gone into all of this since the B word conference.
tether lawsuit. on the heels of the SEC V Ripple being quashed in short order.
endless distractions. most peers are unawares of the flip being so imminent to switching, they aren't even prepared.
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BTC and The 33The Study of Bitcoin's Numerology since its "Genesis" block reveals the hidden hand of secret societies in its origin (aka Sat Nak LOL) until today; it is well known 33 is the higest degree into one of these societies. Now you can see them pumpin BTC starting at MA33 and week 33 in the past.
Will they do it again?
What do you think?
Type Y or N, or your thoughts.
Peace to readers, Thanks.
Bitcoin and Gann's Square of 52 Reversal - Mirrored Foldback 2I originally posted this Square of 52 for Bitcoin back on Jun 18th, 2018. ()
Divergent swing structure was apparent - but it now has returned to follow the prior structure, I would expect this to continue.
Remember - we're not looking for the exact repetition in price - we're focusing on the swing structure.
Bitcoin and Gann's Square of 52 Reversal - Mirrored Foldback?The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin. What we have here is the exact center being traded, and it's at the bottom of a downtrend.
More than that, the mid point in the time cycle of the Square is also a 180-day Gann cycle. According to Gann, the 180-day cycle has these behaviors:
180 Day Cycle
Is the next most powerful cycle after 90
High probability of support or resistance
180 days up or down will usually start a countertrend movement or reverse the trend
180 days from all significant highs or lows must be watched for trend changes
Against extreme momentum and/or pitch, can go 192 days.
What we may observe is what the great analyst Michael S. Jenkins called a 'Mirrored Foldback'. If it doesn't trade it in structure, then it would trade it in shape, in this case the triangle. A foldback is a mirrored move in the structure that repeats its prior move. This is not an anamoly of the market, but a constant that we can see throught past price history.
