ETH and other coins just touch some key ponzinacci level, and the selling force seems to stop for a while. It doesn't mean people will stop selling in the future, no one knows. But if this level is held we probably have some other range for weeks or months. I'm no longer interested in predicting long-term trend over weeks or months since I think it's useless to do so and also it would affect other traders' decision-making if they accidentally read it. Market somehow is random unless it's manipulated by groups of whales .
The funny thing is when I look at BTC or ETH while it moving from this range to other range, I found some funny pattern. If you look at the price like a particle moving in a 2D box( high-low), then according to quantum physic,
the possibility distribution of future prices within this range should similar to a sine-wave (if you interesting in this article you can search for "particle in a box" and read how they form Schrodinger's equation and solve it).
Anyway the solution to this is a wave function ɸ(x)=Asin(kx) , in this case x=t.
So if you know BTC/ETH is ranging just draw some sine line from toolbox and try to fix the top and bottom . of course, it won't perfectly fit the prices since the energy (money flow) is not always constant but it should look similar .
But maybe this is not the bottom yet..?
The funny thing is when I look at BTC or ETH while it moving from this range to other range, I found some funny pattern. If you look at the price like a particle moving in a 2D box( high-low), then according to quantum physic,
the possibility distribution of future prices within this range should similar to a sine-wave (if you interesting in this article you can search for "particle in a box" and read how they form Schrodinger's equation and solve it).
Anyway the solution to this is a wave function ɸ(x)=Asin(kx) , in this case x=t.
So if you know BTC/ETH is ranging just draw some sine line from toolbox and try to fix the top and bottom . of course, it won't perfectly fit the prices since the energy (money flow) is not always constant but it should look similar .
But maybe this is not the bottom yet..?