By using the curve tool to form lines we can see what I call the "Whale Fractal".
It is basically a from the past which played out in the last correction in 2014.
How Does the "Whale Fractal" work:
The base of it all is that markets move in sine waves.
This means they constantly go up and down.
When a starts to go up again the prices have to curve up again and this is what we are seeing right now.
The gradient of the at the bottom is obviously 0 and now look at the last triangle (or the curve).
And as you can see the gradient is also 0 right now.
This consists of 3 falling followed by one (with an pattern inside the ).
These triangles start very steep and get flatter over time.
I expect the next Bull Run to start when we get to the fin of the whale (crossover of the two curves).
The whale is basically a combination of sine waves and squeezing buyers and sellers (which means momentum is gone).
This is very interesting to me:
What is very interesting to note is that both the and the pattern are both patterns.
However, in the whale , they are actually signaling the beginning of the fin of the whale (which means an incoming reversal).
Both of these patterns will probably shake out a lot of people and this where the market pops off again.
Where others see a bear and depression I see a whale and profits.
This, of course, would also work in the other direction (Dolphin ) which would be the same but just flipped upside down indicating downside momentum.
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We just broke out of a HUGE falling wedge pattern with an ABCDE correction inside.
I expect the market cap to drop a little in the short term forming the last triangle before we see an 85% gain in the total market cap.
Then I think we are going to retrace back to the breakout area before we go and form our next wave.