Just was looking on bitcoin chart and was trying to find symmetry on this blocks of candles.
And as you can see I have found something!
It's very strange but line BD (between two minimums) is approximately equal to line AC (between two maximums) and both of them are approximately equal to line DF (between next two minimums), so if it so we can try to say that we have some kind of circle and draw other lines DF, EG and FH.
Also as you can see we have two other points (I mark them red on the chart) - a and b. Lets call them secondary top, and try to understand the symmetry of their accruing and try to guess new point c. If we assume that line ab should be equal ac then we have point c1.
But also we can see that line aA = Cb, so maybe this secondary top appears near the main top before or after of it. Then we have other points c2, c3 and c4. c2 - accruing after E and Ec2 = aA = Cb, c3 accruing before G and c1G = aA = Cb, c4 accruing after G and Gc4 = aA = Cb.
Who knows maybe idea of chart symmetry is not so bad? What do you think?
And as you can see I have found something!
It's very strange but line BD (between two minimums) is approximately equal to line AC (between two maximums) and both of them are approximately equal to line DF (between next two minimums), so if it so we can try to say that we have some kind of circle and draw other lines DF, EG and FH.
Also as you can see we have two other points (I mark them red on the chart) - a and b. Lets call them secondary top, and try to understand the symmetry of their accruing and try to guess new point c. If we assume that line ab should be equal ac then we have point c1.
But also we can see that line aA = Cb, so maybe this secondary top appears near the main top before or after of it. Then we have other points c2, c3 and c4. c2 - accruing after E and Ec2 = aA = Cb, c3 accruing before G and c1G = aA = Cb, c4 accruing after G and Gc4 = aA = Cb.
Who knows maybe idea of chart symmetry is not so bad? What do you think?
Trade active:
Decide to try short. I have bought for 5720$ target is 5150, stop loss 6150.
Order cancelled:
Decide to stop my trade on approximately 5600 level, it was boring and price starts to go up
Comment:
I still like this graph and analysis, as you can see point c2 become the break point of the channel, I suppose it become because of fundamental factors. Nobody want to sell bitcoin because of new fork in the middle of November and there are some who wants to buy, so the c2 from maximum of the channel becomes break point of it. Maybe I will draw some new Idea to develop all this...