Quantium_Research
Long

Bitcoin About to Breakout?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bullish pennant about to terminate around the 0.382 level. Thrust measurement targets the area around $15,000.
Any chance this might be it? ...
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@GWAVE, Yes, it's possible the recent low (labelled D and marked with the blue arrow on your chart) stands as the final low of the triangle. The market will need to break out somewhere around $10450 at least to transition to a new trending phase. Do the green/red boxes show your own positions? If so, how were your stops calculated?
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GWAVE Quantium_Research
@Quantium_Research, Thanks for your input, much appreciated. Yes those are my actual positions. I calculate them in a higher dimension then transpose them onto the 2D Chart (details are too boring, mathematical and too long winded for this format) but yes those are my positions.
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@GWAVE, Always a pleasure to talk charts! Do you place orders on round number levels e.g 11600, 10400, 10000, 9000 deliberately?
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GWAVE Quantium_Research
@Quantium_Research, Yes i do, usually the actual calculated TP and SL is either just below or just above these values. But clearly these values are of some import in the markets. Hence, these values for me anyways. How about you?
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@GWAVE, Interesting. As you rightly point out, those levels are of psychological significance for investors and tend to have the highest volume of orders. As such you often see reversals just before price reaches them as market participants start to 'preempt one another's orders. Do you ever find that orders are not filled because the market reversed a small distance from your orders? I see you're into the XABCD harmonic patterns. Does this form the basis of all of your analyses?
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GWAVE Quantium_Research
@Quantium_Research, I should consider myself lucky, in that, i haven't had that problem " YET! " but i can see how that might come about. My strategy usually allows me to put trades when Volatility slows down. This is probably why my trades get filled out appropriately. Yes XABCD are the foundation of all of my analysis. However, unlike the usual harmonics my strategy, that is, E7STRUCTURES trading, they are calculated in higher dimensions (see Algebraic Topology ) then transposed to a chart. As such, this has led to a supremely higher success rate than the usual simple harmonic structures. Please see https://youtu.be/U5kIdtMJGc8?t=326 for a glimpse into my strategy/logic. Thanks for the question.
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@GWAVE, A fascinating interview! I'm always happy to hear from others with an appreciation for financial applications of geometry. As it happens, my favourite equation is Euler's Identity, although I'm yet to devise a trading strategy from it! You may find this article interesting from our website. It regards the natural ubiquity of the mathematics underpinning Fibonacci analysis.

https://www.quantiumresearch.co.uk/post/the-fibonacci-phenomenon
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Is it time to buy or wait?
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@marcusp07, Unfortunately Quantium Research doesn't provide investment advice. However, as far as technical theory goes, it is usually best to go long once a breakout has been confirmed by some form of filtering. Otherwise you run the risk of buying a false breakout or a breakout that never even occurs.
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