Percentage
Logarithmic Cycles of BitcoinHey there,
So this chart might look familiar to you, since there have been numerous posts,
regarding the cycles bitcoin seems to go through.
On this chart you will see an extended analysis of this rather popular chart by using percentages.
Most of the data is discussed directely on the chart, so I will not go into detail down here.
Please look at all four written templates, since they provide you with further details and
should anwser any ambiguities.
In conclusion this chart gives a possible price target, including time,
for the next ATH of the coming bullmarket, estimated around Feb-March 2023 at about 150.000$.
Let me know about your opinions on this growth model down below.
Check out my YouTube channel "Enlightened Trading", since I will look to upload a video on this chart soon.
Cheers,
Konrad
Alt-Coins about to Push? Bitcoin has gained even more dominance, currently standing at 65.23% of the total market cap. In the passed few days during the bull run towards $13,000, altcoins were tumbling badly, than took an additional tumble when Bitcoin corrected towards $11,150 (+/-). With no bad news, Bitcoin is surely to make another press upward. But during this calm, we may see a huge spike in the price of alt-coins as profit takers from this last bull run invest in coins that fell. Expect to see ADA, XRP, XML coins start being bought up at these new lows. The next huge percentages gains will come from alt-coins. . This is the low where to buy in.
-54% It's Never gonna get any Better than THIS!Measuring the price drop percentages over the past year clearly demonstrates the average price drop of BTC during a correction to be between 30%-40%
Least recent price drop = 54% !!!
In the words of Dan Peña (Not a fan, just saw a viral clip on FB from his interview "The 50 Billion Dollar Man"):
IT'S NEVER GONNA GET ANY BETTER THAN THIS KIDS!
This is the Eye of the perfect storm... THIS IS IT!
Safe trading!
I'd love to hear your feedback, if you find this useful, please leave a comment and like :)
CAUTION:
Trading 101: if you're looking for other people's TA's as trading strategy, then you're in the wrong business. You gotta trade you're own strategy, make your own decisions, and take responsibility for your own actions.
With that said, every time i try to make an informed decision before placing a trade, i read other TA's, thoroughly explore the charts, and browse the market sentiment. And if things go the way i planned, i'd be grateful, if not, i don't go around throwing insults, i just learn from my mistakes and move on.
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Simple Trailing Buy & Stop StrategyAllows backtesting of different percentage Trailing Stops, with entries based on percentage based Trailing Buys.
On 4hr, 1.5% trailing stop, and 1.9% trailing buy worked best. On Daily, 4.3% trailing stop, and 1.9% trailing buy worked best. This version is for Longs only. Will write a Short and Long version next.
Multiplier ChangeI am proposing an alternative to the percent change.
An alternative that is symmetrical to both positive and negative change, unlike percentage change.
The simple idea is to have a positive number if the reference value (called val in the script) is lower than the stock value and needs to be multiplied;
a negative number instead if the reference number is higher than the stock value, so the reference value needs to be divided.
Multiplying all by 100 to give clearer and more readable results, the Multiplier would have a huge gap between +100 and -100, because a stock multiplied by 1 or divided by 1 are the same thing.
So we need to compromise and move all positive numbers down by 100 and all negative numbers up by 100. This actually gives a similar result to percentage change, and it is actually identical in the positive range.
The fundamental difference lies on the negative range, which is completely symmetrical. So if a stock goes up 100 points one day (doubles), and the next it goes down another 100 points (halves), at the end of the second day the stock has the same value as it had at the beginning of the first day! On percentage change it would be +100% the first day and -50% the second.
We mustn't undervalue the human tendency to compare a 1% change to a -1% change, but they do not mean the same even if they seem to indicate so.
A clear example of this can be found on CMC -3.56% -3.56% (CoinMarketCap), in which each day are shown the best and worst performing coins of the day. So you might see a +900% there in the top performing, but you'll never see a -900%, because percentage change cannot go further than -100%. It is a fundamentally asymmetric scale that can confuse people a lot especially in those fast moving new markets.ù
I am welcome to feedback and all kinds of opinions and critics.
USDCAD SHORT AND 2.618 TRADEI do think that the CAD will eventually be stronger then the dollar so i'm anticipating a ABCD playout with a run back into resistance for the last time. If the pattern completes and the resistance holds this will be a very profitable trade with an awesome risk reward ratio. These are the ones we go for!