Last parabolic run notes:
Premist 1: Green hammer is good after red brick. Signals upward momentum.
There were two cases of bearish red inverse hammer then two brinks downwards. Calling this "suja bear hammer". Its highlighed in the blue cicles/ovals. Note, both below 10 day moving averge.
Of course then we had the lovely 32 day day run. Then 4 red bricks. After guess what? We had that green hammer! Then another run for about 4 brinks (not counting the hammer). After we get a red brick. But hey! GREEN HAMMER ALL THE WAY! Then a 6 green brick run to the top!
So the pattern is, 32 brink run, 4 brink consolidation, followed by a 6 brink run after which a followed by 1 brink consolidation.
32, 4, 6, 1. I am calling these bitcoin numbers. Or the Suja Sequence. Cause Fibonacci got a sequence after him. I am claiming this one in my infinite for the hodlers out there! Lolz. #hodlgang.
So things to note for next parabolic run and downturn that follows.
1. You want to see red suja bear pattern (one red inverse hammer brick then two red brick), then enter upon green brick.
2. You want to wait for the 12th brick to confirm your in a parabolic move. Or you can get out after the 12th. Consolidations are 4 bricks long. Followed by a another run, then 1 brick consolidation then last run.
3. So after the 4 brick consolidation there are at least 2 other runs. On average, there are 6 more bricks to go till the top. Good area to short.
***** Ok, now down market stuff ****
On the marco, its good to note that after the parabolic high the prices botton out at suja bear patterns. So the frist one was 3354 and the second one is 6067
Suja bear hammers durring the downward cycles are green. The pattern is green hammer brick, then x number of bricks. As you can see in the red cicles we come off a long red brick line, a 14 brick line to be exact, then get a green hammer then two bricks. Then again around jan 28 2018 we get a green hammer but only one brick this time. So the pattern maybe incomplete.
In Feb 24 2018 we also get the suja bear hammer, but with only 4 bricks this time. Suggestion is wait for the 5th brick.
Bitcoin came down 14 bricks, then after the suja pattern. Then suja bear hammer, then 7 bricks down.
What to do:
1. Wait for the 5th brick on all suja green hammer patterns.
2. 14 / 7 seems to be good number to play off. Reflective. Wait till 14th brick to close shorts.
Premist 1: Green hammer is good after red brick. Signals upward momentum.
There were two cases of bearish red inverse hammer then two brinks downwards. Calling this "suja bear hammer". Its highlighed in the blue cicles/ovals. Note, both below 10 day moving averge.
Of course then we had the lovely 32 day day run. Then 4 red bricks. After guess what? We had that green hammer! Then another run for about 4 brinks (not counting the hammer). After we get a red brick. But hey! GREEN HAMMER ALL THE WAY! Then a 6 green brick run to the top!
So the pattern is, 32 brink run, 4 brink consolidation, followed by a 6 brink run after which a followed by 1 brink consolidation.
32, 4, 6, 1. I am calling these bitcoin numbers. Or the Suja Sequence. Cause Fibonacci got a sequence after him. I am claiming this one in my infinite for the hodlers out there! Lolz. #hodlgang.
So things to note for next parabolic run and downturn that follows.
1. You want to see red suja bear pattern (one red inverse hammer brick then two red brick), then enter upon green brick.
2. You want to wait for the 12th brick to confirm your in a parabolic move. Or you can get out after the 12th. Consolidations are 4 bricks long. Followed by a another run, then 1 brick consolidation then last run.
3. So after the 4 brick consolidation there are at least 2 other runs. On average, there are 6 more bricks to go till the top. Good area to short.
***** Ok, now down market stuff ****
On the marco, its good to note that after the parabolic high the prices botton out at suja bear patterns. So the frist one was 3354 and the second one is 6067
Suja bear hammers durring the downward cycles are green. The pattern is green hammer brick, then x number of bricks. As you can see in the red cicles we come off a long red brick line, a 14 brick line to be exact, then get a green hammer then two bricks. Then again around jan 28 2018 we get a green hammer but only one brick this time. So the pattern maybe incomplete.
In Feb 24 2018 we also get the suja bear hammer, but with only 4 bricks this time. Suggestion is wait for the 5th brick.
Bitcoin came down 14 bricks, then after the suja pattern. Then suja bear hammer, then 7 bricks down.
What to do:
1. Wait for the 5th brick on all suja green hammer patterns.
2. 14 / 7 seems to be good number to play off. Reflective. Wait till 14th brick to close shorts.