Strange Huh. Me posting an idea on BTC.
Let me be clear with one thing this is first - the only - and last chart I am posting on BTC for Testing Purposes. I just like to research things, and test different stuff!
As well I will not trade this myself and I never will trade Cryptos. Gold is the only real money and has been for 5k+ years, and when the real Fear comes to the world this is definitely not a chart that will be UP in most green, that one will be Gold. That is just my subjective opinion.
As for anything that I trade, I looked for Frequency base level. For Gold, it is not a secret it is - 28. I have mentioned a lot of things in my - Dynamic hint - idea about it.
Turns out it was not hard to find it for BTC. So I gave that Base number to my great friends over at Xino Corp Software we spent 3 weeks on the development and made a quick BTC frequency trading tool with good old High,Low,Close inputs.
prnt.sc/h1601w
As of now, I don't even consider making better design or improving this piece of calculator because this is just a test run, so I can see should I really invest more effort in it.
For example, For Gold, I have made stable and serious tools during years.
One example Intraday trading tool / prnt.sc/h160o5
So to start off with BTC I just want to see how the FRQ trading works, because that is the simplest thing to start/test for everything out there.
Those following me on Gold know that I produce target's based on Breakouts, intraday breakouts and big breakouts. Big Breakout mostly ends up with a turnaround and is not a false breakout but a Target that will be reached later.
So based on Frequency trading what we have two roots giving a target of 2067$
In theory, a quadratic function such as f(x)=x^2 which only touches the x-axis at one point, that root is said to have a multiplicity of two. This is more obvious when you write the function as f(x)= (x)(x). Either x can be replaced by zero to make this function work, so technically there are still two roots. Any time the graph of a function curves toward the x -axis, touches it, and then moves away without crossing over the axis, this situation occurs. For example, a 4th-degree function where the graph touched the x-axis at x=2, bounced off and then curved back and touched again at x=4, and then veered off again, you would have four roots: X=2 with multiplicity 2, and x=4 with multiplicity 2. Basically "touches" are double roots.
So one touch at 3524$ then the second one at 3533$ gives a target of 2067$ because that is considered to be a breakout.
So next, In terms of the fundamental theorem, equal (repeating) roots are counted individually, even when you graph them they appear to be a single root. You have to consider the factors:
x^3(ax^2 + bx + c)
If x^3 = 0, this is the same thing as x * x * x = 0, or x = 0, x = 0, x = 0. Even though they are equal and repeating, they are still 3 factors of x in the original polynomial.
That being said there should be a continuation.
Target 2067$ is given and I will be keen to see can BTC achieve it.
Let me be clear with one thing this is first - the only - and last chart I am posting on BTC for Testing Purposes. I just like to research things, and test different stuff!
As well I will not trade this myself and I never will trade Cryptos. Gold is the only real money and has been for 5k+ years, and when the real Fear comes to the world this is definitely not a chart that will be UP in most green, that one will be Gold. That is just my subjective opinion.
As for anything that I trade, I looked for Frequency base level. For Gold, it is not a secret it is - 28. I have mentioned a lot of things in my - Dynamic hint - idea about it.
Turns out it was not hard to find it for BTC. So I gave that Base number to my great friends over at Xino Corp Software we spent 3 weeks on the development and made a quick BTC frequency trading tool with good old High,Low,Close inputs.
prnt.sc/h1601w
As of now, I don't even consider making better design or improving this piece of calculator because this is just a test run, so I can see should I really invest more effort in it.
For example, For Gold, I have made stable and serious tools during years.
One example Intraday trading tool / prnt.sc/h160o5
So to start off with BTC I just want to see how the FRQ trading works, because that is the simplest thing to start/test for everything out there.
Those following me on Gold know that I produce target's based on Breakouts, intraday breakouts and big breakouts. Big Breakout mostly ends up with a turnaround and is not a false breakout but a Target that will be reached later.
So based on Frequency trading what we have two roots giving a target of 2067$
In theory, a quadratic function such as f(x)=x^2 which only touches the x-axis at one point, that root is said to have a multiplicity of two. This is more obvious when you write the function as f(x)= (x)(x). Either x can be replaced by zero to make this function work, so technically there are still two roots. Any time the graph of a function curves toward the x -axis, touches it, and then moves away without crossing over the axis, this situation occurs. For example, a 4th-degree function where the graph touched the x-axis at x=2, bounced off and then curved back and touched again at x=4, and then veered off again, you would have four roots: X=2 with multiplicity 2, and x=4 with multiplicity 2. Basically "touches" are double roots.
So one touch at 3524$ then the second one at 3533$ gives a target of 2067$ because that is considered to be a breakout.
So next, In terms of the fundamental theorem, equal (repeating) roots are counted individually, even when you graph them they appear to be a single root. You have to consider the factors:
x^3(ax^2 + bx + c)
If x^3 = 0, this is the same thing as x * x * x = 0, or x = 0, x = 0, x = 0. Even though they are equal and repeating, they are still 3 factors of x in the original polynomial.
That being said there should be a continuation.
Target 2067$ is given and I will be keen to see can BTC achieve it.
Comment:
Even if I go for more advanced trading research on BTC USD it is hard for me because BTC is missing two Levels -26/0.1 and -12/014 These are two most commonly used numbers in wave functions in Quant Mathematics. So since all I create is based on Quant maths it is hard for me to produce more formulas on BTC because BTC simply doesn't have these two wave functions! So it is impossible to go advanced on this vehicle.
Comment:
And yes the invalidation level is FRQ22@0.0001 which is 6668.90$
Comment:
If I would have a BTC trading account and if I would know how it is done, I would probably enter. Close to Invalidation level, means tighter SL. Interested to see how this will go.