My observations so far: Ever since another user I replied they said there will probably be 5 waves in this current consolidation. I've been thinking from observations that, maybe there could be 5 larger scale pumps too, so we'd be on the consolidation of the 4th one (including the failed pump on jan 3rd), however that 3rd failed pump was only a diversion to eradicate an idea of a pattern. I'm thinking that who ever is influencing these pumps is going to try to give bulls confidence to push to the ATH. In my opinion, I doubt it will break the long term channel. The last pump on the big scale was huge, bbut I've got a feeling that if where we currently are doesn't drop we are in for a final pump. Of course its only to get to a high level to sell of and send traders into panic. My idea also goes with the idea that the 450 Target will be reached.
Now for my insane kooky theory
(look at the number on my graph with the red arrows) We can agree that Huobi is an exchange that everyone follows, and I know for a fact a lot of their culture, are trading bitcoin based off numbers and rhythms, Now the Chinese part thing I found interesting, The number 3 in Chinese is said to represent a child of the numbers 1 and 2, naturally a child is not a tall as there parents, so pump 3 may not of been failed at all, just a child trying to grow. Now skip to number 5, 5 meaning "Huge symbol of luck". which is intresting. I believe a group of whales are pushing these huge, HUGE, pumps are based off the meanings of Chinese numbers.
These numbers could also potentially work in an entire wave, from 1-9. Now, number 9,
(This part look at the green arrows on my graph. If we consider each of these initial numbers as a pathway into ever increasing complexity and higher knowledge, the 9th will be our precipice of our understanding. At the apex of our upward count stands the nine, and in Chinese meaning of numbers it is the jackpot of celestial forces.
Refer to the chart, besides its no secret that the chinese want out after the banning of bitcoin.
If its true, Huobi is playing a dangerous game, and obviously looking for a high risk exit, a lucky exit, that will pay a jackpot. Right?
Comments
BlockReward
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Oh and amusing, entertaining and certainly illuminating chart. When do you predict is Huobi's exit pattern? I mean, what movement in which indicators would relate to Huobi's liquidation? Do you predict the Chinese (Government or mob) to interact with this situation?
BlockReward
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Huobi may be offering the citizens of China a liquidation option while accomplishing extreme greed on the entire situation.
B10ckLanders
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regardless of whether this is true or not, i still learned some chinese... ;)
thanks for sharing - alternatively you could use this to write a screenplay and sell it to hollywood ;)
cameronj
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Only if my theory succeeds ;)
B10ckLanders
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in the movies, charts are dead on, never blown!!! 10/10 would watch