Hi All,
(ref.B.chart)
Not sure if this is crazy or way off but on the surface of it, it makes a case.
In 2019 I experience the 14K run especially in the last day, it was crazy and to me it was a parabolic experience. A blow off top.
While watch the rise, I saw orders in the millions where the whales battled it off.
- 90 million dollar orders selling and buying, one against the other (have screen shots of it)
- just my luck, I entered and soon after I saw this battle.
Long story short, the one selling one that battle for that period.
Moving on, the run up now is very similar and the shape of the structure is also similar, a fractal.
Here you can compare.
The other (an idea that just came to me) where I used the fib extension from the base to the top in 2019 was 10.618 extension
In our case, the base is the 10k region today.
Here if it breaks the top trend line, its a classically parabolic move, where it over extends and to return with a thump, and hence it can fall into the same scenario\domain like 2019, it will top at likely one of these x.618 extension, as per my chart.
I remember someone on youtube telling this part so I didn't forget and hence in 2019, I used it to my advantage.
Its a theory as to what the top will be, but if it does something similar to 2019, then we can be ready and have some idea on how to handle it.
I recall looking at the 5 minute chart at the parabolic top stage and it was clear where to sell.
I did great, almost sold at the top and missed it by a few hundred dollars.
Sad part is, I lost most of the profit at the 10k to 14K range, trading it.
I later learnt from Peter B that he never trades after the top as its designed to take your money off your hands, so be smart and careful, unless your a seasoned trader.
All the best, and here are the fractal screenshots.
Regards,
S.SAri
Now
2019
(ref.B.chart)
Not sure if this is crazy or way off but on the surface of it, it makes a case.
In 2019 I experience the 14K run especially in the last day, it was crazy and to me it was a parabolic experience. A blow off top.
While watch the rise, I saw orders in the millions where the whales battled it off.
- 90 million dollar orders selling and buying, one against the other (have screen shots of it)
- just my luck, I entered and soon after I saw this battle.
Long story short, the one selling one that battle for that period.
Moving on, the run up now is very similar and the shape of the structure is also similar, a fractal.
Here you can compare.
The other (an idea that just came to me) where I used the fib extension from the base to the top in 2019 was 10.618 extension
In our case, the base is the 10k region today.
Here if it breaks the top trend line, its a classically parabolic move, where it over extends and to return with a thump, and hence it can fall into the same scenario\domain like 2019, it will top at likely one of these x.618 extension, as per my chart.
I remember someone on youtube telling this part so I didn't forget and hence in 2019, I used it to my advantage.
Its a theory as to what the top will be, but if it does something similar to 2019, then we can be ready and have some idea on how to handle it.
I recall looking at the 5 minute chart at the parabolic top stage and it was clear where to sell.
I did great, almost sold at the top and missed it by a few hundred dollars.
Sad part is, I lost most of the profit at the 10k to 14K range, trading it.
I later learnt from Peter B that he never trades after the top as its designed to take your money off your hands, so be smart and careful, unless your a seasoned trader.
All the best, and here are the fractal screenshots.
Regards,
S.SAri
Now
2019
Comment:
Comment:
Making a case for going parabolic
Comment:
Discord: TradeToProspa
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
