Square
Bitcoins square root functionsWhile most trades look at a linearized theory like trend lines , triangles and channels it seems that in a bigger picture it is not linear at all. Here I interpolated the lows and highs of bitcoins 3 cycles by a curves that look like square root functions. There is only one parameter of freedom to choose such a square root function a* √x. Without going to deep into mathematics of finance we can see that 2.6-3k region should hold strong support.
SQUARE poised to make new highs sooner rather than laterTenkan-Sen beginning to converge with Kijun-Sen.
RSI picking up aggressively.
Earnings after the bell today...
Investors are pleased with what @jack has done with both $TWTR and $SQ; each stock is poised to keep up the momentum as we head into 2019.
SPX | M | SQUARE & FLOWER SETUPEnd of month moment arrived !! enjoy this new setup! A very exciting October month ahead :)
it contains some imperfections... this is the best I can do at this TF due to some limitations of the charting library but still gives a nice view :)
should be clickable tomorrow :)
zoom out:
Cheers,
Keops
ETHUSD | 3H | SQUARE & FLOWER SETUPAnother variant of my square and flower setup. As you can see, you can perfectly fit 3 horizontally and vertically aligned squares (hypotenuse alignment) inside the inner flower. This illustrate very well the connection to PHI between the square and the flower..
Pressure is building up as the price is stuck between a resistance edge and upward spiral..
Cheers,
Keops
Monday to give direction on SQ for the coming weeksSQ 4hr chart equilibrium break will give direction for the coming week - breaking up above 92.39 increases confidence in continuation to new all time highs this week, and a break of 89.31 will have us looking to test 83.34 as a daily support. The weekly chart is getting extended with 6 green weeks in a row and a bearish reversal spinning top doji on declining bull volume. If we do lose daily support, consolidation on the weekly would be very healthy so long as the bulls can hold the MA20, somewhere around $70 next week, and do it on decreasing bear volume. Weekly support is 63.21 and is nowhere near at risk of being lost