2 days and counting until fractal alignment.
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So after the breakout happens, there will be a quick sharp drop. It will be the fractal equivalent of the first correction. The two areas are circled in green:
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Just wanted to alert you guys to the possibility that we may be truncating the timetable
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I'm reviving a comment from the "GO BUY SOME BITCONNNNN CHART"
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Just in case you guys haven't seen this chart:
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what doesn't kill me...
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we try again
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double bottom
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Everyone is trying to fake you out, but fractal patterns (if you get them right) tell no lies
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check out his last comment... only took you until it happened...
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scroll up to see the "See the Jump?" comment.
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Well, the only thing that I am, and have been confident about, is we go on to make a new ATH. The below btw is what would happen were my theory as stated in the comments section so the "GO BUY SOME BITCOIN" chart to pan out. I'll repost the theory shortly.
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After this run, I think we should expect a very long period of relative stability for the price of Bitcoin, allowing it to serve its function as a non-depreciating store of value. It's probably during this period that the alts will fight it out to see which deserve their valuation and which are EOS :P.
If what I think I've discovered holds true, I think this is the only possible option for the price of Bitcoin. If we see a dramatic drop in the price of Bitcoin after this jump, then the only way for the fractal to complete another cycle would be another equally dramatic increase. If for the sake of argument, the price of BTC drops back down to our current level, that would put the next bull run at somewhere near 2.5million dollars, and that just does not make any sense to me. After this crazy run (if it happens) there will be a long period of steadily declining prices followed by an even longer period of steadily increasing prices, leading up a dramatic increase, a dramatic fall, and of course, the grand finally (which, hopefully, we're about to go through, for the second time in Bitcoin's history www.buybitcoinworldwide.com/price/.
This is the only way I could reconcile all of the disparate charts for the crypto market. The alts, at their various stages of breaking out, most of them will go back to dormancy while money moves back into BTC. In the face of declining BTC prices (perhaps years), after the new ATH, and with most of the altiest alts having only BTC pairings, those without actual value will die. The market will determine which coin, token, ICO can hold their value in the face of BTC's decline and the market itself will stabilize. Well managed, well developed, and well-funded initiatives will go on to realize all the unrealized potential that exists in this technology. It's the only way it all makes sense. I'm sure Satoshi, whoever and wherever he may be, would be proud ¯\_(:/)_/¯
If what I think I've discovered holds true, I think this is the only possible option for the price of Bitcoin. If we see a dramatic drop in the price of Bitcoin after this jump, then the only way for the fractal to complete another cycle would be another equally dramatic increase. If for the sake of argument, the price of BTC drops back down to our current level, that would put the next bull run at somewhere near 2.5million dollars, and that just does not make any sense to me. After this crazy run (if it happens) there will be a long period of steadily declining prices followed by an even longer period of steadily increasing prices, leading up a dramatic increase, a dramatic fall, and of course, the grand finally (which, hopefully, we're about to go through, for the second time in Bitcoin's history www.buybitcoinworldwide.com/price/.
This is the only way I could reconcile all of the disparate charts for the crypto market. The alts, at their various stages of breaking out, most of them will go back to dormancy while money moves back into BTC. In the face of declining BTC prices (perhaps years), after the new ATH, and with most of the altiest alts having only BTC pairings, those without actual value will die. The market will determine which coin, token, ICO can hold their value in the face of BTC's decline and the market itself will stabilize. Well managed, well developed, and well-funded initiatives will go on to realize all the unrealized potential that exists in this technology. It's the only way it all makes sense. I'm sure Satoshi, whoever and wherever he may be, would be proud ¯\_(:/)_/¯
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bump #2 coming up here shortly
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this bump will bring us to mid-9k
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Sideways for about 25 more minutes then a giant leap up
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9400 is our target in the next 2-4 hours
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I'll keep updating until this fractal completes and we are out of the woods.
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In case it wasn't clear, we're tracking the movement of a matching fractal. Of course, all the fractals are going to match, it's just a matter of whether you can identify when they start and when they end.
A fractal is a geometric figure or natural object that combines the following
characteristics:
a) Its parts have the same form or structure as the whole, except that they are at
a different scale and may be slightly deformed;
b) Its form is extremely irregular or fragmented, and remains so, whatever the
scale of examination;
c) It contains "distinct elements" whose scales are very varied and cover a large
range;
d) Formation by iteration;
e) Fractional dimension.
A fractal is a geometric figure or natural object that combines the following
characteristics:
a) Its parts have the same form or structure as the whole, except that they are at
a different scale and may be slightly deformed;
b) Its form is extremely irregular or fragmented, and remains so, whatever the
scale of examination;
c) It contains "distinct elements" whose scales are very varied and cover a large
range;
d) Formation by iteration;
e) Fractional dimension.
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At this point, I would like to offer a friendly PSA: we are at the very beginning of a bull market. The very base of a parabolic curve. Weak hands who freak out at a 3% drop should probably exit THE most volatile market one could trade in.
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So, for everyone reading this who's thinking that this is a nut job idea, and that they can't think of any possible reason why type of fractal TA would work. I'll offer the following: 1) When I learned that the price movements of the crypto market and Bitcoin in particular lends itself to fractal analysis, where similar patterns repeat on both the macro and micro scale, I wanted to know what a fractal really was. Of what little I was able to understand about the mechanics of fractal geometry, I took away 1 clear idea: fractals are geometric curves that form through iteration. That is to say, and as mind blowing as this is, the bigger curve is formed by many copies of the same curve. So using that idea I found the biggest curve I could and worked backwards. 2) When I got down to thinking about what it was that I was really seeing on the chart, and why these patterns were repeating, I realized the only real truth behind all the craziness in the modern world, we collectively, whether in this market, or in any other area of society, continue to do the same stupid s@$* over and over and over and over... the micro repetitions of which eventually lead to macro manifestation.
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a) Its parts have the same form or structure as the whole, except that they are at
a different scale and may be slightly deformed;
b) Its form is extremely irregular or fragmented, and remains so, whatever the
scale of examination;
in my experience, the curvature itself also changes, although the general shape will hold.
In light of those issues, I'm going to switch to a fractal that will hit closer to home. The on-going 5min fractal on the right vs the weekly fractal on the left
a different scale and may be slightly deformed;
b) Its form is extremely irregular or fragmented, and remains so, whatever the
scale of examination;
in my experience, the curvature itself also changes, although the general shape will hold.
In light of those issues, I'm going to switch to a fractal that will hit closer to home. The on-going 5min fractal on the right vs the weekly fractal on the left
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s@#*... we're going up right now, that hasn't changed... but I think our first real correction is going to be much more significant than I had previously imagined
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fractals shift on you, just remember the general trend will hold. But, after a discussion with a follower (this is a possibility that I had previously thought about but dismissed). For now, we're going to form one more arch for the double bottom, then we will start to move up, in about the angle of the green arrow.
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Biggest take away here is 1) We make it to a new ATH and 2) any corrections leading to the new ATH will be relatively minor. I need to get some shut eye but I'll update until we are on the green arrow.
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I had to move the green arrow, we hit it sooner than I anticipated :D
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I have to get some shut-eye but I am 99% sure that we are going up, why? That blue area on the 5min fractal and that blue area on the weekly fractal are going to have to align. Good night!
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So that didn't work out exactly as I thought. So back to the biggest fractal. When you look at the 5min without any comparison, it almost looks like we have gone completely sideways but we're up almost $200 from the time we started tracking this fractal. And, this is exactly the problem with a parabolic curve, even over a relatively short period of time like a month or a few months. When you're in it, it doesn't feel like a curve, until you are almost at the curve's end. Just something to keep in mind.
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I think we're at the red circle, so we'll be angling steeper upwards.
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Well, he's on the right path...
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I think we're about ready to trek up this blue line
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this triangle situation is basically what we had yesterday
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We keep bumping up against a ceiling if we don't break up soon, we'll most likely that the dip pictured in the blue overlay of the initial chart. It would take us down a few hundred dollars. If that happens, as shown in the initial chart, it should lead to an immediate bounce.
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*most likely take that dip
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I resized the overlay to match the price movement, so I guess we go up now? ¯\_(:/)_/¯
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Please fasten your seatbelts and return your tray table to its full upright and locked position. We are heading straight up to the confirmation line:
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just a little bit longer por favor
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As @Tony619 pointed out, like a month ago... once the inverse HS completes, we go on to complete a gigantic cup and handle
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Last note while we wait. As @sankarmail pointed out to me, we could drop to about 8200 and hit the top of the triangle before all of this happens.
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Obviously, this idea doesn't fit into the fractal curve to outer space theory, but since it's been so accurate, and anything's a possibility at this point, I'll leave it here for you to look it over
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I call ~$8330 before the bounce.
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we have the spark that's going to set this thing off, 5min chart
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This is one possibility of the action that could take place inside of this shoulder. Inv HS and CS patterns work when a proper neckline can be formed. A proper line will rest on top of the highs without having a price spike/candlestick out above the line, this way a resistance line can be drawn across to basically put a top on the structure below it. Think of it as a visual representation of the price hitting resistance over and over again until finally, it breaks free (with a bang usually). So using that approach I arrive at the below as one possible path out of this shoulder. It's the 5min chart, so you won't have to wait too long :)
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zoomed out, sorry, should have zoomed out previously
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BTW the only reason I previously called for the 8330 bounce was because anything below that point would invalidate the inverse HS. The right shoulder cannot be lower in price than the tip of the head. Just something to keep in mind...
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revised to hit 8330
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you can see similarities in the RSI, where it shows oversold vs where the pump occurred
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in less than a few hours there will be a symmetrical triangle across the board... I guess we have our moment of truth... a symmetrical triangle can break in either direction.
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Here's the weekly chart to give you a better idea of what I mean:
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8330 is our magic number
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we pulled right back up from 8308 to 8330...
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we are hovering at 8330.035
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aaaannnnddddd.....
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we're trading punches
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if this line doesn't hold, I'll be exiting my long position and cutting my losses
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8333.075
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whatever happens, it will be quick and dramatic
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8325.105
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8334.995
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showing signs of life...
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barely.
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bear-ly :D... sorry, just trying to lighten the mood :)
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8321.005... not yet
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not yet
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I just reloaded my position
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I'm taking vodka shots and chainsmoking at the moment, in case anyone was wondering....
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keep an eye on the dotted black line
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game over
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If you're still long as I am. 7800 is your point of no return
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Jesus...
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OOOOKKKKKK, kids. So, if you haven't noticed I like my fractal idea. So, in keeping with my idea, I've decided to overlay every crash and recovery cycle/fractal I could find from bitcoin's history on top of our current price movement. The results are actually pretty interesting. Yes, there is 1 example where the HS would complete, but every other example would have us reaching a new ATH. Even the one where the HS completes eventually has us reaching a new ATH... so I don't know about you, but if history is any lesson, I think we will reach a new ATH. I'll keep plugging away at the details of the day to day or hour to hour as the case might be. I find it interesting and it gives me something to do. I've already automated my job :D. Here it is:
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I'm reading up on this RSK deal. If anyone knows details please feel free to post a comment. I'll give you guys a run down once I get an idea of what it is.
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Here's a nutshell. It's Ethereum style smart contracts on the Bitcoin network through sidechains. But I think the bigger "let me remind you" fact is cryptos are all just code, and if an altcoin has a better feature, more utility, etc, it can all (eventually) be built on top of Bitcoin if warranted.
On the fractal side, there's a fractal developing on the 5min chart that will most likely bring us above 8500. In the meantime, here's DarkEnergy's latest post, not a fan either, but it seems more accurate than most others.
On the fractal side, there's a fractal developing on the 5min chart that will most likely bring us above 8500. In the meantime, here's DarkEnergy's latest post, not a fan either, but it seems more accurate than most others.
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Oh, I don't think the S&P500 comparison is going to hold water. I'll link to my S&P500 post from last month. But you know moon, lambos, and glittery unicorns... 5min fractal
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well that fractal failed spectacularly, and we got another bart simpson head...
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It would appear fractal patterns are going to be ineffective in the short-term. Jury's out on general trends.
A worthwhile view: www.youtube.com/watch?v=TonlmHfn...
A worthwhile view: www.youtube.com/watch?v=TonlmHfn...
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When life hands you lemons... I'm really good at pattern recognition, just sayin'
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sideways for an hour or so, then quick dip to 8250 followed by an equally quick bounce - just testing out this new approach for now.
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close enough. I'm back in waiting for either upwards sideways action or a large pump
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Let's imagine for a minute that Tom Lee is right, then right now, we fly
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Do you guys remember that 8330 number from above? If we cross it soon, we might actually fly...
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Here we go again... not saying its going to happen, but they are trying that push again...
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wow, so that's what a sledgehammer to the head feels like...
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the bulls are still trying. On the 1hr chart, you'll notice that the head and right shoulder is made up of a series of bullish inverse hammers, which is supposed to be one of the most reliable candle indicators for a reversal. I'll also note here that the previous attempt at a rally occurred around this time yesterday...
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As hard as this might be to believe, according to the Average True Range indicator, price fluctuations are at a low. In fact it's creating a descending wedge:
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Since there was some confusion, here's one example from the past, where volatility flatted out
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Not to make a boisterous call (I'm laying off of them, I swear 0-)<), but looks like we're making another attempt.
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we're hitting 7850
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apparently, I missed a bullish div on rsi... the threshold for up is still 8330...
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oh jesus, finally...
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ignore the whatevers, this is it, what we've been waiting for.
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My last bitcoin chart. I'm going to be moving onto low volume alts once BTC plateaus out after the new ATH. But until then I'll be updating the chart below.
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Here's the new update. It incorporates several new ideas to come up with a tradeable path for Bitcoin
