Enzyme: Intuitive Trading & Unconventional Technical AnalysisWhere does the name come from? Enzyme! But I love it.
Here we have the falling wedge pattern, a giant one. Even though we haven't been seeing this pattern recently, this is one of the most reliable reversal patterns.
I draw patterns on the chart and mention these patterns but our trades and predictions are not based on patterns. We draw the patterns because we have to put some drawings on the chart. Our trades are based on support and resistance levels while our predictions are based on candlestick reading, volume, moving averages, marketwide action, experience and mainly the market cycle. Other factors also come into play such as intuition and subtle signals.
Here we have the falling wedge, it is a solid and reliable pattern but we never share a signal based on this alone. On top of the pattern, the right market conditions most be present; we take into consideration how Bitcoin is doing and if it is currently in a bear or bull market; we take into consideration how the other Altcoins are doing; we take into consideration the stock market and also the short-term signals by looking at the daily chart. Sometimes we also look at the oscillators but by now, we know the oscillators readings without having to look at them. At one point, when one is looking at hundreds of charts daily, just a quick glance at a chart reveals its potential. All the writing and the drawing is done for your entertainment. The truth is that it is all based on a feeling, a knowing; intuition.
Is it a good one or not? And the knowing responds.
Sometimes the chart has bullish signals but we skip it because we know these signals to be fake based on experience.
Sometimes there are no bullish signals at all and yet we move forward because we know what comes next, based on intuition and experience.
What comes out as intuition is basically all the knowledge that we gather that is not available consciously. That's why before I started writing, between 2016 and 2017, I started browsing all the available charts on all timeframes on a daily basis. I was doing this with the thinking that somehow doing this my mind would alert me at certain times of upcoming events based on intuitive knowledge, it worked. I didn't know how I knew certain things nor how to explain them but they came to past as my intuition suggested. Now I understand how it all works after studying the mind for many years.
To spot these charts, I just engage the markets on a daily basis and become identified with it. Each time an event is going to happen in the market, then something starts to move within my mind and body. If the market is going to crash, I start to get all sorts of bodily symptoms. If the market is going to rise, the same is true. This also comes with feelings of either joy or depression depending on how the market is going to move. It is dangerous to say the least, but I made it my job.
Having this knowledge, when I see the patterns, the volume, the candles, the sentiment, the market cycle and all the rest, it is easy to spot the charts that are going to crash and those that are breaking bullish next.
I might be too early at times, never too late.
Enzyme is going to break bullish soon. It can be a week, a month or day... But it is going up, that is what my third eye is telling me to say.
Namaste.
