Logistic curveIf you do not trade, it's time to learn
All about 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"
Excavo
BITCOINBTCUSD Touched resistance line of triangle and did not break this line. Now we going to the support line of triangle. The triangle is not a definite figure and the break out can be in either direction up or down. In candle analysis I see Bearish Engulfing . Stochastic RSI - overbought
Some reasoning
This upward movement that occurred over the last month was associated with HYPE with ETF . Consideration moved to September.
While BTC did move up, all the altcoins are relatively bitcoin fall. The Alts will continue to update the lows, relatively BTC but relatively dollar, they did not drop heavily in the price.
Why do I think that bitcoin will go even lower?
At the market new big players must come in. They play in long, and for them is the most important thing is entry point to the market. They will buy any crypto for dollars. To make even more lower price of alts in the dollar, bitcoin should fall further for purchase of alts at the bottom. On this I think we are still waiting for the continuation of this downward movement.
BTSBTC on Double Bottom on Daily Chart 12% profit chanceBTSBTC on Binance on Daily hit double bottom ,
we will wait for Next candle opening , but looks like will go to next level of 2444 Sats from now in coming 2-3 weeks
which is 12% from current candle stick
BTC/USD Review 25.07 by @SupernovaEliteNow BTC gives strong bullish signals!
Price brokeout of long-term traingle pattern
with good volumes. BTC is above 100,200 MA.
Good news fon. Waiting for continuation of up-ternd.
We can see correction to 8000 or even 7500 but
my opinion will change under 7000.
Santiment Network Token (SAN)Break out resistance line of the Falling wedge - reversal pattern. Looking for next fibonacci levels. This coin like to fly;)
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