Possible predictions as milestones in the near future
FIRST OF ALL: LOOK AT THE NEXT SNAPSHOT, AS THE CHART CAME OUT UNPROPORTIONED AFTER PUBLISHING AND MY CROSSING POINTS ARE NOT CORRECT BECAUSE OF THAT
(OR, YOU CAN STRETCH THE CHART JUST A LITTLE BIT BY SLIDING THE MOUSE UPWARDS ON THE PRICE AXIS ON THE RIGHT...UNTIL THE CROSSING POINTS ARE IN THE MIDDLE OF THE YELLOW CIRCLES... DON'T TOUCH THE TIME AXIS AND DON'T ZOOM, JUST LOOK AT IT !)
BECAUSE OTHERWISE THE PARABOLES WILL NOT LINE UP WITH THE POSITIONS I INTENDED.
It might look or sound weird or supersticious and it looks like an astrological chart, but anyways...
This time I used 5 different parabolas and drew, repositioned them over and over, and after an hour or 2...
AFTER.. with no intention initially, I looked at patterns and detected by accident the remarkable crossings of the parabolas.
I tried to find a pattern which could predict the near future. Of-course it is only with the history available, so don't take it too seriously (otherwise we could all predict the future)
Though I found 3 remarkable crossing points. It are no moving or exponential moving averages, but just parabolic movements which connect multiple points and create some kind of pattern.
It is the weekly chart, so the dates I will be mentioning are not exact, so could be about 3-4 days max. off-set. ( I didn't look up the exact date)
All gathered data is after the all time high.
At Jan 1, there is a lower high, and right after the market turns bearish; this is the exact crossing point of 2 parabolas
At Febr 5, there is a lower low, and right after the market turns bullish; this is the exact crossing point of 2 parabolas
At May 21... there is nothing :-) the only thing I can find that it was the exact same price as now... and this should be a support level ! maybe this should have been something more... who knows
At June 18, we had the LOWEST LOW ! and after the market turns bullish again !!
NOW... what you're all waiting for if ... you have some room left in your head for some potential 'hocus pocus' ... what will the future bring?
AUG 27 : CROSSING POINT OF 2 PARABOLAS (this is also the crossing point of 2 major trendlines (ascending and descending) which I drew somewhere in previous chart
SEPT 17 : CROSSING POINT OF 3 PARABOLAS ! this could be reversal point?
OCT 1: CROSSING POINT OF 3 PARABOLAS !
I have no idea what will happen then...
One more thing... what is remarkable that I don't have any crossing point between June 18 and now... maybe we're still in a bear market, but it looks kinda strange as aug 27 is the next crossing point and at the same time a crossing of 2 major trendlines at the level of 7800 usd !
I have a feeling we will get to that level again in the next couple of weeks...
But... we never know of-course... to me a drop under the 6800 usd level, is passed the 61.8 % retrace and looks kinda bearish to me... but.. there must be an upside at some time and we should break above the large falling wedge one time.
cya
(OR, YOU CAN STRETCH THE CHART JUST A LITTLE BIT BY SLIDING THE MOUSE UPWARDS ON THE PRICE AXIS ON THE RIGHT...UNTIL THE CROSSING POINTS ARE IN THE MIDDLE OF THE YELLOW CIRCLES... DON'T TOUCH THE TIME AXIS AND DON'T ZOOM, JUST LOOK AT IT !)
BECAUSE OTHERWISE THE PARABOLES WILL NOT LINE UP WITH THE POSITIONS I INTENDED.
It might look or sound weird or supersticious and it looks like an astrological chart, but anyways...
This time I used 5 different parabolas and drew, repositioned them over and over, and after an hour or 2...
AFTER.. with no intention initially, I looked at patterns and detected by accident the remarkable crossings of the parabolas.
I tried to find a pattern which could predict the near future. Of-course it is only with the history available, so don't take it too seriously (otherwise we could all predict the future)
Though I found 3 remarkable crossing points. It are no moving or exponential moving averages, but just parabolic movements which connect multiple points and create some kind of pattern.
It is the weekly chart, so the dates I will be mentioning are not exact, so could be about 3-4 days max. off-set. ( I didn't look up the exact date)
All gathered data is after the all time high.
At Jan 1, there is a lower high, and right after the market turns bearish; this is the exact crossing point of 2 parabolas
At Febr 5, there is a lower low, and right after the market turns bullish; this is the exact crossing point of 2 parabolas
At May 21... there is nothing :-) the only thing I can find that it was the exact same price as now... and this should be a support level ! maybe this should have been something more... who knows
At June 18, we had the LOWEST LOW ! and after the market turns bullish again !!
NOW... what you're all waiting for if ... you have some room left in your head for some potential 'hocus pocus' ... what will the future bring?
AUG 27 : CROSSING POINT OF 2 PARABOLAS (this is also the crossing point of 2 major trendlines (ascending and descending) which I drew somewhere in previous chart
SEPT 17 : CROSSING POINT OF 3 PARABOLAS ! this could be reversal point?
OCT 1: CROSSING POINT OF 3 PARABOLAS !
I have no idea what will happen then...
One more thing... what is remarkable that I don't have any crossing point between June 18 and now... maybe we're still in a bear market, but it looks kinda strange as aug 27 is the next crossing point and at the same time a crossing of 2 major trendlines at the level of 7800 usd !
I have a feeling we will get to that level again in the next couple of weeks...
But... we never know of-course... to me a drop under the 6800 usd level, is passed the 61.8 % retrace and looks kinda bearish to me... but.. there must be an upside at some time and we should break above the large falling wedge one time.
cya
Comment:
THIS IS THE CORRECT OVERVIEW and CROSSING POINTS ARE VISIBLE
