BTCUSD
Sitting here twiddling my thumbs for confirmation, maybe premature, probably not. Having a double top in any market, the price action should regress back to the neckline. Augmented Neckline is a theory I have, in regards to extremely liquid markets or newly emerging markets, to be clear in regards to double tops. With BTCUSD or any newly emerging market (even in equities (ex. Amazon in the 90s & early 2000s)) will result in a 70% to 95% re correction off the top until the market is support and backed. Double Tops also have this similar characteristics, regressing down to the neckline in this case it is augmented are the true neckline is at around 12.7k. The one hesitation I have is that normally btc has a -80-85% re correction off the top of the cycle, this cycle was -77.26%. This could be caused due to the S-Curve as it is becoming more narrow for price movement or it could be due to inflation covering the extra 2.74%.... Regardless these are not metrics you can confirm without certain software and I don't like doing more calculations than necessary. Probability of a double bottom is low as we have hit the inverse neckline off the bottom already at 28k and if it does collapse most likely will get close to previous bottom within 1% but highly unlikely seeing what other shit coins are doing..... solusd....? thin order books on dexs will cause massive upside, general rule with volatile assets if you have a bull trend don't go short wait for correction only to long and enter and vise versa in bear markets. Going short against the trendline will make you lose your wife... The trend line put on this chart has not truly been testing so take it with a grain of salt as I think we technically are still in upper neutral trading ranges. Just some of my thoughts and to the few that read my shit, here's some alpha top will be in the fall of 2025 sell then and go live on the beach-
"-and maybe ill get my wife back from her boyfriend."
-Kewlkat
Sitting here twiddling my thumbs for confirmation, maybe premature, probably not. Having a double top in any market, the price action should regress back to the neckline. Augmented Neckline is a theory I have, in regards to extremely liquid markets or newly emerging markets, to be clear in regards to double tops. With BTCUSD or any newly emerging market (even in equities (ex. Amazon in the 90s & early 2000s)) will result in a 70% to 95% re correction off the top until the market is support and backed. Double Tops also have this similar characteristics, regressing down to the neckline in this case it is augmented are the true neckline is at around 12.7k. The one hesitation I have is that normally btc has a -80-85% re correction off the top of the cycle, this cycle was -77.26%. This could be caused due to the S-Curve as it is becoming more narrow for price movement or it could be due to inflation covering the extra 2.74%.... Regardless these are not metrics you can confirm without certain software and I don't like doing more calculations than necessary. Probability of a double bottom is low as we have hit the inverse neckline off the bottom already at 28k and if it does collapse most likely will get close to previous bottom within 1% but highly unlikely seeing what other shit coins are doing..... solusd....? thin order books on dexs will cause massive upside, general rule with volatile assets if you have a bull trend don't go short wait for correction only to long and enter and vise versa in bear markets. Going short against the trendline will make you lose your wife... The trend line put on this chart has not truly been testing so take it with a grain of salt as I think we technically are still in upper neutral trading ranges. Just some of my thoughts and to the few that read my shit, here's some alpha top will be in the fall of 2025 sell then and go live on the beach-
"-and maybe ill get my wife back from her boyfriend."
-Kewlkat
Trade active:
Will be choppy for the next several months. Before it’s stable