Felix000
Education

#bitcoin how to spot bull/bear exhaustion and manipulation Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've boxed up all the voatilities of all the consecutive lows ending with round numbers with purple boders and white background. I've joined up all the consecutive highs with round numbers using yellow lines. Hope there are no errors.

First thing you'll notice is that the market isn't so manipulated anymore hence fewer consecutive round number days - just my theory.

Next you'll notice that many of these blocks have usefull breakouts, and many signal market exhaustion at extreem highs or lows. Will it continue?

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: You could try boxing up the volatilities of consecutive highs. See which works best, or maybe they work better together.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Given the above chart as we head into the weekend we can see consecutive round number lows but no consecutive round number highs yet which have accompanied a bottoming out of the market in the past.

Won't be updating above chart for a while as it takes a long time to do each time, and my main chart is too mind blowing to follow without me having to publish a guidebook for it.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Anybody comparing the first 17 days of August with first 17 days of December 2017 in reverse, or, with the first 14 days of September 2017. Unless price can reach a significant fractal high... watch out the next leg.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: In the above chart note that the last purple box should have included 7th August. In the current chart not shown we now have a new purple box for 9th and 10th August (two consecutive round number lows formed on those days) . Don't see any consecutive highs with a round number yet, and wonder why.

The fact that there was a break below the 9th and 10th August volatility box often indicates another future leg down. The market appears currently in the throws of developing a Williams Fractal high. Could it top $6,800 or more or will it stick within the current purple box.

Last week the market closed down below one of my critical thresholds on the weekly chart which often leads to the following week closing down too. Some bulls may be thinking where the market may close out the week.

Right now it looks like bulls are short of an ETF or perfect storm? Could current fiat weather readings provide one? Don't see worries about the Dollar's performance yet?

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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