Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these...
With the open above a Technical Level of 58,354.14 Btc has a potential to rally to the next upper Trend Reactionary Number 62,198.00. If the market can open above this TRN I expect a rally to 64000.00ish. Always watch the follow through. This is my humble opinion and not any trade advice.
MY DAILY RANT :
As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory...
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York.
They are calculated by a proprietary formula and other variables which...
