"Looney TA from a Looney Bear!"
Well, these parabolas and radial lines are certainly unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections.
And my predicted double bottom at $30K happened at $31K instead. But hey, that shows we're in a strong Bull market, right?
This is update #7 to my original May 5 post. Notable tweaks:
1. I moved my Bull-Trap target range down $1,000 to $40K-$41K.
2. I added a label showing the May 19 crash was 53.7% from the ATH.
3. I added a label showing where the largest short-term crash in history (82.6%) would take us.
Here's a 1-hr zoom into the critical part of my chart.
Note 1: If the near-vertical radial line "e" is saying what I think it's saying, we're near the edge of a very high and steep cliff. Be careful. Be more than careful!
Note 2: I'm still calling for a bottom around June 28, ±10 days. BUT: I still believe this is a market heavily manipulated by well-funded Bears and their API-connected PCs. They will try to make their manipulation look natural, but ...
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Background: Parabolas are a specific type of mathematical curve. Parabolas are a "natural" function that appear in many systems and processes -- even (surprisingly) in many that appear to be random and chaotic.
___________________________
Bitcoin’s May 19 fall to $30k was a 53% correction. With this in mind,
I again offer the community my (not fully vetted) Law of Maximal Retrace:
Bullbearish’s Law of Maximal Retrace:
If Bitcoin experiences a correction (a retrace) of 50% or more, it *must* touch the lower 12-year BLX parabola before reaching the next higher high. The Mt Gox fiasco of 2011 (an extrinsic/abnormal event) caused the only known exception to this law.
If you know of any other exception(s), please message me.
My BLX post on this:
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Well, these parabolas and radial lines are certainly unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections.
And my predicted double bottom at $30K happened at $31K instead. But hey, that shows we're in a strong Bull market, right?
This is update #7 to my original May 5 post. Notable tweaks:
1. I moved my Bull-Trap target range down $1,000 to $40K-$41K.
2. I added a label showing the May 19 crash was 53.7% from the ATH.
3. I added a label showing where the largest short-term crash in history (82.6%) would take us.
Here's a 1-hr zoom into the critical part of my chart.
Note 1: If the near-vertical radial line "e" is saying what I think it's saying, we're near the edge of a very high and steep cliff. Be careful. Be more than careful!
Note 2: I'm still calling for a bottom around June 28, ±10 days. BUT: I still believe this is a market heavily manipulated by well-funded Bears and their API-connected PCs. They will try to make their manipulation look natural, but ...
___________________________
Background: Parabolas are a specific type of mathematical curve. Parabolas are a "natural" function that appear in many systems and processes -- even (surprisingly) in many that appear to be random and chaotic.
___________________________
Bitcoin’s May 19 fall to $30k was a 53% correction. With this in mind,
I again offer the community my (not fully vetted) Law of Maximal Retrace:
Bullbearish’s Law of Maximal Retrace:
If Bitcoin experiences a correction (a retrace) of 50% or more, it *must* touch the lower 12-year BLX parabola before reaching the next higher high. The Mt Gox fiasco of 2011 (an extrinsic/abnormal event) caused the only known exception to this law.
If you know of any other exception(s), please message me.
My BLX post on this:
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.