UPDATED: Solana Future Pivots This is an add-on to my previous Solana chart you can find in my profile. The only difference with this one is that it has the next 4-5 days (12-8-21 through 12-14-21 super dialed in)
The accuracy on some of these lines goes down to the 5 minute level.... I'm expecting a significant kick off in price action within the next couple of hours.
I can't tell you which direction the price is going to go in, but I can stand by most of these vertical lines. I continue to refine the method I'm using and so there is still some experimental stuff on this, hence the different colors and different sizes of the verticals....in general, the larger the line, or more it stands out on the chart, the more significant I expect the move to be. The small orange lines (Edit: Hmm they look kind of red actually) are quite new and I'm testing them from a dialed in accuracy point of view....hence, you'll see those lines near other ones I created and posted in the original chart....the deep purple lines are new as well.
Anyway, this should provide a play by play over the following days even weeks ahead although there is more work to be done.
I will continue to update these until I can post with more confidence the significance of the various verticals you see.
Enjoy and trade safe! This is just an experiment not financial advice.
If you like, feel free to follow to see updates as they come. I plan on doing this for many charts over the coming months.
Spooky
Solana Future $$$ Pivots - ExperimentalWorking on an interesting project that will identify future price pivots. Filtering the signal is the most important part and that continues to be a work in progress. You'll see different colored lines, and the width of those lines vary. See notes below.
Notes:
Larger Lines tend to be more signficant.
Oftentimes the larger the space between verticals can indicate a larger move up/down.
Sometimes the verticals will indicate a top/bottom and sometimes, when you zoom out, you'll see that the vertical itself isn't hugely significant when zoomed in, but if you zoom out it can oftentimes be a more significant trend change.
This isn't exhaustive. I just happened to be messing around with the Solana chart and whipped this together.
These verticals are very similar to the Bitcoin chart of course which I spend much more time on, but I am going to work on several to see if I can find any sort of significant divergence between dates/times and the main charts.
Good luck.
Note 2- should be some pretty significant moves coming up very shortly.
Next 10 Days of BITCOIN Price PivotsExperimental Price Pivot Method.
The red lines are from a slightly different method than the regular ones.
There are some very important pivot dates coming over the next coming weeks.
Nov 30/Dec 1....and Dec 3/4 and Dec 7th ...you may want to pay particular attention to.
This isn't perfect or exhaustive but perhaps someone will find it useful. Good luck.
Click the play button to see how it goes.
I'll post a much larger and more extended one later...this isn't the one I work from, although that one is a work in progress as well.
Here's some more bear heat for yaWe have now officially broken down out of the multi year rising wedge after getting almost to the exact apex of the drawing.
The measured and or implied move for this rising wedge is roughly -1202.89 points or 26.64%.
When we toss up a fixed range volume profile from our blow off top in 2018 to current price action it's apparent that we've just had one massive, massive Fed fueled momentum overshoot.
What I've done is marked off the levels of highest participation in volume, or, most likely areas of support based off of volume profile.
Those levels are roughly:
4185
3913
3692
3372 (Top of value area)
These levels pale in comparison to the volume or participation in the value area.
The Volume Profile Value Area is not until 3372. Yes, 3372. Meaning a trade down into the value area would net us somewhere around -1125 points... Roughly coinciding with our measured move.
A trade down into the Volume Profile Point of Control would be roughly -1775 points or -40%...
Your ball Jpow.