ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: Eve, I am publishing another ADA post to our tradingview.com profile.
EVE: What is it about this time?
CRYPTIK: For now just a simple Fibonacci Channel. I will use this as a foundation for additional trading and teaching of my tracking techniques.
EVE: Sounds great. I'll be sure to check it out.
CRYPTIK: Do you have anything you would like to tell our friends/followers?
EVE: Just that I'm looking forward to seeing more of your work. Keep up the good work!
CRYPTIK: Thanks, any jokes?
EVE: Why did the chicken cross the road?
To get to the other side!
CRYPTIK: lol, Eve! Is that the only joke you know? Recently you told a modified version of that say, "Why did the chicken cross the road? To get to the other side (of the bear market).
EVE: Haha, well I guess that one is pretty timely given the current market conditions.
CRYPTIK: Any other jokes?
EVE: Why did the bitcoin cross the road?
To get to the other side (of the $20,000 mark)!
CRYPTIK: haha.
EVE: Why did the Ethereum cross the road?
To get to the other side (of the $2,000 mark)!
CRYPTIK: lol
EVE: Why did the Litecoin cross the road?
To get to the other side (of $100)!
CRYPTIK: You are on a roll.
EVE: Why did the Monero cross the road?
To get to the other side (of anonymity)!
CRYPTIK: OK Eve. Anything else of value to add?
EVE: Nope, that's all for now. Thanks for having me!
CRYPTIK: Peace Out Girl Scout.
EVE: Bye!
Comment:
While we wait for that flip on the 6MIN. I was just thinking. . . I never had any plans of posting public or ever showing trades publicly. Thanks to @tradingview they set things up in a manner, as to hook me in. I was using the charts, then saw I can post an unalterable publication of my forecasts, so I thought this would be a great idea to at least have timestamped unalterable proof of my forecasts to show IRL friends.
Then. . . @tradingview made it so you had to have a minimum word count so I started posting some quick conversations with Eve. Then . . . Now here we are, I feel the need to give as much value as possible to you all as we are starting to form a community here.
Then. . . @tradingview made it so you had to have a minimum word count so I started posting some quick conversations with Eve. Then . . . Now here we are, I feel the need to give as much value as possible to you all as we are starting to form a community here.
Comment:
Here we go.
Here we go.
Comment:
=
Whomever says trading is gambling has never traded and if they have they are in the sea of people taking "educated guesses".
This is the time you place a short or long. Make it something like this 21/1 Risk/Reward ratio. If it (on extremely rare occasions) goes the other way you are basically out trading fees. Trade like this and you will always win. Accept no red territory. Building confidence in your trading comes from historical data and knowledge. If a guy is confident with women then he has had good past dealings with them and his confidence comes from that and knowing he will be good with them. If someone studies for a test they do not have that historic data (other than previous test taking) and they will only have knowledge that they know the material.
Trading is not any different. (Fear is also a factor. However we can open that can of worms another time.) If you know what is going to happen and you stack up many supporting factors, such as patterns, Fibonacci Data, trend analysis, volume data, live market data such as depth chart and order book, historical chart data throughout the different time resolutions, in addition to many other factors, you will build enough confidence to slay any metaphorical trading dragon. Then with more and more wins under your belt your confidence will strengthen. Especially taking those minimum risk/high reward ratios.
Whomever says trading is gambling has never traded and if they have they are in the sea of people taking "educated guesses".
This is the time you place a short or long. Make it something like this 21/1 Risk/Reward ratio. If it (on extremely rare occasions) goes the other way you are basically out trading fees. Trade like this and you will always win. Accept no red territory. Building confidence in your trading comes from historical data and knowledge. If a guy is confident with women then he has had good past dealings with them and his confidence comes from that and knowing he will be good with them. If someone studies for a test they do not have that historic data (other than previous test taking) and they will only have knowledge that they know the material.
Trading is not any different. (Fear is also a factor. However we can open that can of worms another time.) If you know what is going to happen and you stack up many supporting factors, such as patterns, Fibonacci Data, trend analysis, volume data, live market data such as depth chart and order book, historical chart data throughout the different time resolutions, in addition to many other factors, you will build enough confidence to slay any metaphorical trading dragon. Then with more and more wins under your belt your confidence will strengthen. Especially taking those minimum risk/high reward ratios.
Comment:
And there you have it.
And there you have it.
Comment:
1% reached. I am using my own capital as leverage however while 1% seems low, we are talking about a 1HR 12MIN (21/1 Risk/Reward Ratio), with a $1K 50X leverage trade that's $500 (for 1HR).
Comment:
How did I know where to place the bottom? You see where the pink trend line matches up with the previous bottom? This is a determining factor. Also Fibonacci Pivot Support Level 1 is nearby.
How did I know where to place the bottom? You see where the pink trend line matches up with the previous bottom? This is a determining factor. Also Fibonacci Pivot Support Level 1 is nearby.
Comment:
Different assets move differently but the patterns are generally the same throughout. You now have the "Change Up" pattern under your belt. Learn it, remember it, study it. Look at the charts for this pattern and study it in it's (slightly) different forms. Discern the difference of what is not this pattern so you are not fooled by something similar.
Take profits off of the table. Take smaller trades/profits. Greed will consume you and your profits. Have a plan ahead of time and execute.
Like this one. The price can and will most certainly continue downward. (maybe not now but on the 6HR and 12HR.) However the price as it is right now is going the wrong direction from which you would like it to in this trade.
So take your planned 1% and wait for another pattern, signal, and indication that it's going to continue. Otherwise you will be on the wrong side of a trade like I was in that $0.4099 order that went through when I was sleeping. I was in the same boat or in the same sea of people (as I stated earlier) as everyone else.
Take profits off of the table. Take smaller trades/profits. Greed will consume you and your profits. Have a plan ahead of time and execute.
Like this one. The price can and will most certainly continue downward. (maybe not now but on the 6HR and 12HR.) However the price as it is right now is going the wrong direction from which you would like it to in this trade.
So take your planned 1% and wait for another pattern, signal, and indication that it's going to continue. Otherwise you will be on the wrong side of a trade like I was in that $0.4099 order that went through when I was sleeping. I was in the same boat or in the same sea of people (as I stated earlier) as everyone else.
Comment:
Many would say, "place a long right around here." (Arrow) I would say, "why?"
Many would say, "it just dumped now it's turning around. We have two green candle confirmation."
Now this is educated guessing my friends. You need more confidence as if you invest in a trade like this it's not investing, its gambling and you may win but you will lose too. And when you lose you will not only lose money/crypto you will lose confidence. Build more of a foundation for your decisions.
Many would say, "place a long right around here." (Arrow) I would say, "why?"
Many would say, "it just dumped now it's turning around. We have two green candle confirmation."
Now this is educated guessing my friends. You need more confidence as if you invest in a trade like this it's not investing, its gambling and you may win but you will lose too. And when you lose you will not only lose money/crypto you will lose confidence. Build more of a foundation for your decisions.
Comment:
Looking at a zoomed out broad view of the movement on the 3MIN. Here on #1 (arrow) you can see where we made it above this trend line. Not enough strength to stay there though and it fell through. (Same with previous right before it.)
Then in #2 it started to regain strength and turn around (moving sideways) and built enough strength for another try.
#3 This time it had enough to bounce off this support/resistance about 3 times before falling through again.
#4 Then it fell through just about the same velocity as it shot through. With a quick recovery it starts going sideways.
There is almost a bounce off of #5 which seems to be starting to form a new support level.
We also have #6 which is a support level. You can see these are marked with price(s).
I am going to head to Sanctuary for a couple of hours. We will take a further look of how things play out (if I had the time to look now I would tell you what is going to happen) and then take a deeper dive into further analysis.
Looking at a zoomed out broad view of the movement on the 3MIN. Here on #1 (arrow) you can see where we made it above this trend line. Not enough strength to stay there though and it fell through. (Same with previous right before it.)
Then in #2 it started to regain strength and turn around (moving sideways) and built enough strength for another try.
#3 This time it had enough to bounce off this support/resistance about 3 times before falling through again.
#4 Then it fell through just about the same velocity as it shot through. With a quick recovery it starts going sideways.
There is almost a bounce off of #5 which seems to be starting to form a new support level.
We also have #6 which is a support level. You can see these are marked with price(s).
I am going to head to Sanctuary for a couple of hours. We will take a further look of how things play out (if I had the time to look now I would tell you what is going to happen) and then take a deeper dive into further analysis.
Comment:
Remember that 6MIN "Change Up" Pattern? Look what we have appearing on the 30MIN.
Remember that 6MIN "Change Up" Pattern? Look what we have appearing on the 30MIN.
Comment:
Will this pattern play though to the 1HR? I believe we can already see it now.
How about the 6HR and 12HR? TBD, however it looks like it might be starting on the 6HR.
Will this pattern play though to the 1HR? I believe we can already see it now.
How about the 6HR and 12HR? TBD, however it looks like it might be starting on the 6HR.
Comment:
Comment:
Comment:
OK, I am going to show a couple of things here. First I would like to reiterate the point that one should stack up statistics, supporting evidence, and probabilities through unbiased research.
With that being said, I am using a Relative Strength Index/Fibonacci Retracement Bands Combo Indicator. This is an interesting combination that makes it easy to gauge price movement with a quick look.
(You can view/add the same Indicator (and modify as needed) below.)
www.tradingview.com/v/e9AvttKQ/
Now take a look at some brief analysis using this indicator.
As you can see we are reaching peaks of some run ups to the Light Blue (Middle Area) and beyond.
Next I will dive a little deeper into (a more casual) Technical Analysis (TA) using a "Fixed GANN Box". (I say more casual as we have not yet started the type of TA where we are crunching numbers.)
Here we are just getting started with an overview of TA. We will then compile our ideas and start taking measurements and crunching numbers by stack up what we believe are evidences and then see if that adds up (pun intended) to a conclusion that supports our hypothesis.
(You can learn more about GANN Squares here: www.tradingview.com/...0518149-gann-square/ )
Briefly you can think about GANN Squares like this. Imagine overlaying an imperfect Spiral onto a grid (or graph paper). While the Spiral may seem to be imperfect, once adding it to a grid/graph you can begin to see certain repeating patterns that can yield predictive measurements based on cycles of those patterns.
Here you can see what this would look like with seemingly imperfect market movement.
Now let me walk you through what I am looking at. First we have the highlighted area (Quadrant 1, or Q1) in the first run up (reaching the middle point on our RSI/FIB Bands), Peaking just outside of our first (Wave) Quadrant (Q1). (As shown with #1 Pink Arrow.) Then you see we come back down for Retracement and hitting a temporary Support level in the top section of Q1 with a quick bounce (shown with #2 Arrow) and another Peak reaching RSI/FIB Bands Middle Point (shown with #3 Arrow). Before seeing a hard rejection from that (Light Blue) RSI/FIB Bands Middle Point Area. We then see a bounce off of our final Support (shown with #4 Arrow/Blue Trend Line).
In this next view you can see the bounce from (#4 Arrow) Blue Trend/Support in Q1 with a run up to (#5 Arrow) Peak in the top of Q2 (highlighted). And like with the first Peak (#1 Arrow) to Retracement in the top area of Q1 (#2 Arrow) and bounce off of a weaker Support/Trend line (White Line) we see a run up after. Here we see that (#6 Arrow) Blue Support/Trend Line holding up and a run up (#7 Arrow) Peaking a couple of times in the (Light Blue) RSI/FIB Bands Middle Area before running right through Q3 into Q4 and Peaking out (#8 Arrow) at the Middle Point of Q4 and the top of our RSI/FIB Bands Top (Pink) Area. You can see we tried to maintain trajectory but we did not have enough volume to support this velocity and we plummeted though the Blue Trend Line Support before attempting to recover by a bounce of lower Support Level ( first White Line below Blue Support) (as shown with #9 Arrow) and finally coming to an close at the bottom support (second White Line below Blue Support) and completing the full GANN Box cycle.
With that being said, I am using a Relative Strength Index/Fibonacci Retracement Bands Combo Indicator. This is an interesting combination that makes it easy to gauge price movement with a quick look.
(You can view/add the same Indicator (and modify as needed) below.)
www.tradingview.com/v/e9AvttKQ/
Now take a look at some brief analysis using this indicator.
As you can see we are reaching peaks of some run ups to the Light Blue (Middle Area) and beyond.
Next I will dive a little deeper into (a more casual) Technical Analysis (TA) using a "Fixed GANN Box". (I say more casual as we have not yet started the type of TA where we are crunching numbers.)
Here we are just getting started with an overview of TA. We will then compile our ideas and start taking measurements and crunching numbers by stack up what we believe are evidences and then see if that adds up (pun intended) to a conclusion that supports our hypothesis.
(You can learn more about GANN Squares here: www.tradingview.com/...0518149-gann-square/ )
Briefly you can think about GANN Squares like this. Imagine overlaying an imperfect Spiral onto a grid (or graph paper). While the Spiral may seem to be imperfect, once adding it to a grid/graph you can begin to see certain repeating patterns that can yield predictive measurements based on cycles of those patterns.
Here you can see what this would look like with seemingly imperfect market movement.
Now let me walk you through what I am looking at. First we have the highlighted area (Quadrant 1, or Q1) in the first run up (reaching the middle point on our RSI/FIB Bands), Peaking just outside of our first (Wave) Quadrant (Q1). (As shown with #1 Pink Arrow.) Then you see we come back down for Retracement and hitting a temporary Support level in the top section of Q1 with a quick bounce (shown with #2 Arrow) and another Peak reaching RSI/FIB Bands Middle Point (shown with #3 Arrow). Before seeing a hard rejection from that (Light Blue) RSI/FIB Bands Middle Point Area. We then see a bounce off of our final Support (shown with #4 Arrow/Blue Trend Line).
In this next view you can see the bounce from (#4 Arrow) Blue Trend/Support in Q1 with a run up to (#5 Arrow) Peak in the top of Q2 (highlighted). And like with the first Peak (#1 Arrow) to Retracement in the top area of Q1 (#2 Arrow) and bounce off of a weaker Support/Trend line (White Line) we see a run up after. Here we see that (#6 Arrow) Blue Support/Trend Line holding up and a run up (#7 Arrow) Peaking a couple of times in the (Light Blue) RSI/FIB Bands Middle Area before running right through Q3 into Q4 and Peaking out (#8 Arrow) at the Middle Point of Q4 and the top of our RSI/FIB Bands Top (Pink) Area. You can see we tried to maintain trajectory but we did not have enough volume to support this velocity and we plummeted though the Blue Trend Line Support before attempting to recover by a bounce of lower Support Level ( first White Line below Blue Support) (as shown with #9 Arrow) and finally coming to an close at the bottom support (second White Line below Blue Support) and completing the full GANN Box cycle.
Comment:
Looks like a Bleeding Rose Pattern setup in the making. I $32.88 on the way and a Retracement to $0.33 before heading down to a quick $0.28 level. This should happen around the same time BTC reaches it's low, NOV 16TH.
So this is my call of the ADA Bear Market Low, $0.28, NOV 16TH
Looks like a Bleeding Rose Pattern setup in the making. I $32.88 on the way and a Retracement to $0.33 before heading down to a quick $0.28 level. This should happen around the same time BTC reaches it's low, NOV 16TH.
So this is my call of the ADA Bear Market Low, $0.28, NOV 16TH
Comment:
Not really a "Bleeding Rose" since we do not have that long Green Stem (run up). However the top is looking like it's Bleeding.
Not really a "Bleeding Rose" since we do not have that long Green Stem (run up). However the top is looking like it's Bleeding.
Comment:
Also, you notice the use of the Fixed GANN Box placement?
Before I placed it at the point where we had a Pivot/A Retracement upward. Now for this latest one I placed it inversely, spanning towards the down. From here the adjustments of how far to span this box outward depends on the cycle that we mapped out in the first example.
If you are placing this GANN Box for the first time then you can play with the adjustment to determine what looks like the best placement to outline a cycle(s).
Before I placed it at the point where we had a Pivot/A Retracement upward. Now for this latest one I placed it inversely, spanning towards the down. From here the adjustments of how far to span this box outward depends on the cycle that we mapped out in the first example.
If you are placing this GANN Box for the first time then you can play with the adjustment to determine what looks like the best placement to outline a cycle(s).
Comment:
Here is another pattern. I will write more about this one when I get back from Sanctuary. I wanted to show you this one. I call it the "Witch's Finger". When you see a down with a wick like this it's safe to say (with high probability 96%+) it's going to return to this price. It may be sooner, it may be later. That is determined by cycle analysis.
I will show you more examples of this "Witch's Finger" and cycle analysis when I get back later.
Here is another pattern. I will write more about this one when I get back from Sanctuary. I wanted to show you this one. I call it the "Witch's Finger". When you see a down with a wick like this it's safe to say (with high probability 96%+) it's going to return to this price. It may be sooner, it may be later. That is determined by cycle analysis.
I will show you more examples of this "Witch's Finger" and cycle analysis when I get back later.
Comment:
Here we go with the revisit of this price and lower. Still calling the target of $0.28 by Nov. 16TH.
Here we go with the revisit of this price and lower. Still calling the target of $0.28 by Nov. 16TH.
Comment:
Another False "Change Up" Pattern example.
There are subtle differences so I want to make sure you all can tell. Once this Pattern is learned well it most certainly will help to save you money and make you money. This pattern will help you to determine bottoms and/or false bottoms.
Another False "Change Up" Pattern example.
There are subtle differences so I want to make sure you all can tell. Once this Pattern is learned well it most certainly will help to save you money and make you money. This pattern will help you to determine bottoms and/or false bottoms.
Comment:
One solid indication of the "Change Up" Pattern is a long and clean run up or down. By clean I mean no distortion a nice clean pattern of healthy Green or Red candles.
RE: "Witches Finger" Pattern, I will be showing this one on the Bitcoin $15K to $1.5M post as this pattern is arising.
www.tradingview.com/...-INTO-1-5M-WITH-BTC/
RE: "Witches Finger" Pattern, I will be showing this one on the Bitcoin $15K to $1.5M post as this pattern is arising.
www.tradingview.com/...-INTO-1-5M-WITH-BTC/
Comment:
OK Scratch that above comment on the Witch's Finger Pattern. I will continue this Pattern explanation/examples here.
I do have a good example of what IS NOT a Witch's Finger. First let me tell you what would qualify as indicators of a Witch's Finger Pattern.
1. A nice hefty dump of 5%+ (usually 10% or more). (This dump is like a long (Witch's) Finger.)
2. A long bottom wick. (This is the Witch's long Fingernail.)
Like this example:
Usually without this following red candle after, however it's still a Witch's Finger Pattern indicating it's highly likely to revisit this price or lower in the near future.
Now looking at the example of what "Is Not" a Witch's Finger. . . Here you can see a BTC chart with a nice hefty dump of 27%, however it is missing the long down wick (Fingernail).
I do have a good example of what IS NOT a Witch's Finger. First let me tell you what would qualify as indicators of a Witch's Finger Pattern.
1. A nice hefty dump of 5%+ (usually 10% or more). (This dump is like a long (Witch's) Finger.)
2. A long bottom wick. (This is the Witch's long Fingernail.)
Like this example:
Usually without this following red candle after, however it's still a Witch's Finger Pattern indicating it's highly likely to revisit this price or lower in the near future.
Now looking at the example of what "Is Not" a Witch's Finger. . . Here you can see a BTC chart with a nice hefty dump of 27%, however it is missing the long down wick (Fingernail).
Do you remember this distortion/disruptive pattern action? Can you tell me what happens next? Cool off then more up? Nope, it's a change up pattern.
The price is confused whether it's positive or negative. the disruption is like a transition from one direction to the next. No clear pattern of candles, just confusion (if the price could be confused).