The future is an echo of the past. Understanding how time works, what patterns repeat, within what bounderies reality or trading plays is key to predicting the future. TA is not a golden ticket to know the future, it is an excellent tool to provide us with a good rational idea of where potential resistance and support in the future may lie. Apply some probability and we can make a good average guess.
I put these three historical events next to each other so we can learn the correlations and get a better grasp how to react and trade.
What I see is that once we make an all time high, the .618 levels is an important support level and when broken some serious dumping occurs. See what correlations you can find yourself, hope it helps!
I put these three historical events next to each other so we can learn the correlations and get a better grasp how to react and trade.
What I see is that once we make an all time high, the .618 levels is an important support level and when broken some serious dumping occurs. See what correlations you can find yourself, hope it helps!
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www.sifrdata.com/cry...-correlation-matrix/
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More price bubbles
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Silver
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Crude Oil
Trade active:
Worthwhile to check out, somewhere in the future it should come down.
Trade active:
I made this chart for a good reason, study the chart well now, we got a panic shake out but should retrace up somewhat in upcomming days. 50% down 10k 58.6% around 11.700. And 61.8% is 12.4k these levels should be panic sell pickups. I'm in from 13300 and thinking to hold it for a few days now. It should be heading up as you see it did historically.
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Check out these historical bubbles, after we hit 29.5%-38.2% we always go up! Prepare for some bounce, marketcap about to bounce on 38.2% retracement.
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History repeats