So are we in stage 2, or stage 3? Stage 1: drop from ATH, late 2021 through the FTX collapse 2022. New low reached, 15k. (which had other ramifications, including the market losing the asinine amount of fuqery FTX was doing). Stage 2: Market rebounds. See January 2023: the reversion bounce. Stage 3: Capitulation and final drop- bulls are going nuts, buying starts...
Always has, always will. Enough said. Bear? No. Bull? No. Crab? No. Liquidity is king, don't ever forget that. TV sucks in that can't publish ideas on lower time frames. This is the hourly. The arrows end at the correct places (if you look on lower TF). Maybe not today, maybe not tomorrow, maybe not in the next 5 minutes- but PA will always, always, always...
Just for another point of view. Falling channels of BTC, coupled with VWAP analysis, shows an interesting pattern.
I call it the 3 step because there's an initialization period followed by 3 steps. Defining the init can be hit or miss, but it's always there. Next, there's 3 bumps, followed by (usually) a pump. Dumps are also seen, and they depend on what the algorithm detects after the init/3 step process. I don't know exactly what the algo does but it's pretty clearly...
Weak Bear Pennant. Flagpole is kinda weak, and the retracement is pretty far- but we could set the pole up to be much longer because SOL has been on a downtrend for some time.
SOL, otherwise known as Solana (a name it stole from a SoCal beach town- Solana Beach) is headed for zero. Solana Beach is home to some pretty rich folks. You better believe they'd love to have your coins, tokens, and dollars to feed their mega-mansions on that beach. "More for us, less for you." Solana Beach is a pretty place, with pretty faces; we used to call...
Please be aware. Careful out there and please stay away from "all I want" statements.
For obvious reasons, there is no thought process or analysis needed. So whatever. HUHUHUHUH
Notes: The time scale here is actually minutes. TV doesn't let you post short timescales over significant intervals like this. It's most of the weekend, 12/10-12/11/2022. This is a setup for an easy short position. Here I am showing how the market was being manipulated, likely by a bot, where there is a clear timeframe for the dump/pump action all weekend-...
JPOW talks in a couple hours.... regardless, I think BTC will pump to 17.2k short term, then dump to 10k before the start of the new year. The red line is just a dumb "average" of PA before the insanity, which is probably where it belongs anyway.
Hello World. I'm a bit of a math geek, there's pieces of paper on the wall that say I'm supposed to be smart (PhD, Chemical Engineering, 2003 and BS, Magna Cum Laude, Chemistry, 1999) but stupid is as stupid does, I guess. Anyway, I've been trying to get this code done-- hopefully by end of Q4 here- and then ported to Pine by sometime either end of Q1/beginning...
Squeeze out those competitors, and have yourself a nice shortstyle gain!