ADAUSDUpdate-Fluke Rally of $0.053 around July 25 into HardFork?
I'm a newbie - I'm hanging my nuts out on a limb - by publishing this Idea/Observation (first ever) so be gentle with comments.
I noticed the two previous flag formations (Bear then Bull) were exact replicas/repeats of each other.
It made me ask the question - Is the current formation we are in now a replica or repeat of a prior pattern or:
Are the Fibonacci GODS telling us the current formation is a derivative of the previous two, which ALL were a derivate or 42 and 26 days and FIB 1.618 and .618 were eerily present.
Not to mention ALL 3 pennant/flag upward price movements were exactly $0.053. I've never seen 3 in a row follow the laws of pennant/flag formations to the T.
The latest Pennant/Flag pattern began with 21 days to Hard Fork date (July 29). Using some liberal interpretations of the closing price as of writing, ADA touched the .786 retracement inside the pennant/flag.
Using .786 X 21 days, I get 16.5 days as the length of the last pennant/flag.
The previous setups (price movement & days in the formations) were 42 days and 27 days for flag/pennant formation AND $0.053 increase in ADA.
Applying math to 26 and 42, both computations arrive at Fib .618 or Fib 1.618. An eery coincidence.
I don't know but if there is going to be a last push rally into the hard fork date it better happen soon and hopefully the rally will be as precise as the last Bull formation.
And if it happens on July 25 I'm going to buy a lottery ticket and everyone a beer with my winnings.
Peace out.
ADAUSD
I noticed the two previous flag formations (Bear then Bull) were exact replicas/repeats of each other.
It made me ask the question - Is the current formation we are in now a replica or repeat of a prior pattern or:
Are the Fibonacci GODS telling us the current formation is a derivative of the previous two, which ALL were a derivate or 42 and 26 days and FIB 1.618 and .618 were eerily present.
Not to mention ALL 3 pennant/flag upward price movements were exactly $0.053. I've never seen 3 in a row follow the laws of pennant/flag formations to the T.
The latest Pennant/Flag pattern began with 21 days to Hard Fork date (July 29). Using some liberal interpretations of the closing price as of writing, ADA touched the .786 retracement inside the pennant/flag.
Using .786 X 21 days, I get 16.5 days as the length of the last pennant/flag.
The previous setups (price movement & days in the formations) were 42 days and 27 days for flag/pennant formation AND $0.053 increase in ADA.
Applying math to 26 and 42, both computations arrive at Fib .618 or Fib 1.618. An eery coincidence.
I don't know but if there is going to be a last push rally into the hard fork date it better happen soon and hopefully the rally will be as precise as the last Bull formation.
And if it happens on July 25 I'm going to buy a lottery ticket and everyone a beer with my winnings.
Peace out.
ADAUSD
