I would like to copyright this formation
This is not in nay book afaik. So I am claming it for myself.
I would like for it to be called "Bitcoin is a ponzi" top, or you can call it "Bitcoin hater pattern" if you prefer. Interchangeably.
On the higher top the price has to go back to the rectangle area for it to be valid otherwise it's just a correction followed by continuation higher.
Winrate is pretty good. But on the other side of the ring is the plunge protection team, making the rich richer, buying time and convincing people the economy is doing great.
Since people attribute the economy to the government...
The great depression of the 2020s gonna be lit.
I am trying to sum up all that is waiting for us that is "unforeseen" by the sheeple:
Rise of socialism & facism.
US civil war
India-pakistan war
Europe & japan aging population & migrants issues
Euro ww 3 maybe
China (civil) wars
Dying vultures (plagues propagation)
SA NAZI
Polluted water
Not enough water for everyone
Running out of phosphate fertilisers
Loss of Arable land
Food chain gets broken with global warming etc
People angrier with heat waves
IQs keep falling
The US keep declining and cannot protect surrounded Israel anymore
The Samson Option
Big antisemitism with all the protection the jews have (can't criticize them), all the pedos, the rich & powerful
Africa population triples and they keep killing each other but they get bigger weapons eventually maybe nukes
Genocide in south africa (migrants / whites / blacks other than bantu)
Sweden just explodes and implodes
Russia takes over europe while the US are busy, as their demographics get worse, they get desperate
China attacks Japan
China takes over the philipines
South America just going to get worse and explode
I would like for it to be called "Bitcoin is a ponzi" top, or you can call it "Bitcoin hater pattern" if you prefer. Interchangeably.
On the higher top the price has to go back to the rectangle area for it to be valid otherwise it's just a correction followed by continuation higher.
Winrate is pretty good. But on the other side of the ring is the plunge protection team, making the rich richer, buying time and convincing people the economy is doing great.
Since people attribute the economy to the government...
The great depression of the 2020s gonna be lit.
I am trying to sum up all that is waiting for us that is "unforeseen" by the sheeple:
Rise of socialism & facism.
US civil war
India-pakistan war
Europe & japan aging population & migrants issues
Euro ww 3 maybe
China (civil) wars
Dying vultures (plagues propagation)
SA NAZI
Polluted water
Not enough water for everyone
Running out of phosphate fertilisers
Loss of Arable land
Food chain gets broken with global warming etc
People angrier with heat waves
IQs keep falling
The US keep declining and cannot protect surrounded Israel anymore
The Samson Option
Big antisemitism with all the protection the jews have (can't criticize them), all the pedos, the rich & powerful
Africa population triples and they keep killing each other but they get bigger weapons eventually maybe nukes
Genocide in south africa (migrants / whites / blacks other than bantu)
Sweden just explodes and implodes
Russia takes over europe while the US are busy, as their demographics get worse, they get desperate
China attacks Japan
China takes over the philipines
South America just going to get worse and explode
Comment:
...
Comment:
54 of the 55 S&P 1500 stocks with share prices below $5 are up this week for an average gain of 21%.
Sounds like an efficient market with everything priced in and perfectly normal growth.
Remember crypto alt season in January 2018? XRP XLM ADA BCN ... plenty of magical internet beans priced below $5 had enormous gains...
Sounds like an efficient market with everything priced in and perfectly normal growth.
Remember crypto alt season in January 2018? XRP XLM ADA BCN ... plenty of magical internet beans priced below $5 had enormous gains...
Comment:
I know what's happening!
It's a MrRenev! Oh wait no I said I wanted it to be called a "Bitcoin is a ponzi" or "Bitcoin hater pattern".
(It is not a bart, here I want the price to be flat, then go down quickly and then up to a higher high quickly after in the case of a top)
If the Dax gets to 12500+ I will SHORT IT TO THE GROUND!
It's a MrRenev! Oh wait no I said I wanted it to be called a "Bitcoin is a ponzi" or "Bitcoin hater pattern".
(It is not a bart, here I want the price to be flat, then go down quickly and then up to a higher high quickly after in the case of a top)
If the Dax gets to 12500+ I will SHORT IT TO THE GROUND!
Comment:
This is some sort of triple top, but it is different from most of them.
The other typical kinds I can think of:
1- The all highs are higher (almost could be a trend but is not):
2- In the case of a triple bottom: 2 is higher and then 3 is lower
3- 2 is lower, 3 is higher than 2, often same level as 1 I think
4- All peaks are higher bottom / all are lower top
I guess that's all of them I can think of. When the bottom is very wide but not too wide it's more of something we would call accumulation than triple bottom.
Here is another example of a 2- bottom (2 is higher 3 is lower)
Here are examples of 1- (All highs are higher top / all lows are lower bottom):
"But MrRenev, you beautiful stallion," I hear you ask, "those bottoms are often continuation flags, how can I avoid getting rekt or stopped at the very bottom over and over, when I look at a chart I see countless potential bottoms and tops over and over, how do I know how to select the right ones?"
Git gud scrub.
"MrRenev, how much experience do you think I need? In other words when does it get easier?"
WHEN YOU DIE.
Let's end on a winning one:
The other typical kinds I can think of:
1- The all highs are higher (almost could be a trend but is not):
2- In the case of a triple bottom: 2 is higher and then 3 is lower
3- 2 is lower, 3 is higher than 2, often same level as 1 I think
4- All peaks are higher bottom / all are lower top
I guess that's all of them I can think of. When the bottom is very wide but not too wide it's more of something we would call accumulation than triple bottom.
Here is another example of a 2- bottom (2 is higher 3 is lower)
Here are examples of 1- (All highs are higher top / all lows are lower bottom):
"But MrRenev, you beautiful stallion," I hear you ask, "those bottoms are often continuation flags, how can I avoid getting rekt or stopped at the very bottom over and over, when I look at a chart I see countless potential bottoms and tops over and over, how do I know how to select the right ones?"
Git gud scrub.
"MrRenev, how much experience do you think I need? In other words when does it get easier?"
WHEN YOU DIE.
Let's end on a winning one:
Comment:
I guess I won't get filled on GBPUSD.
This is when you confront reality about missing the move, and go next.
Such is the price to pay to get the tightest risk to reward.
This is when you confront reality about missing the move, and go next.
Such is the price to pay to get the tightest risk to reward.
Comment:
A great example here today not of the main pattern of this idea but one of the type of triple bottoms I mentionned, with all 3 touches very close (here 2 is higher 3 a little lower, and then price rallies straight as the lows get tested):
Idk how well the lower higher pattern works on high timeframes, if this one is valid, the price should keep going down for the next couple of months...
Eager to see what happens. A nice crash will be rough at first, but eventually good for the middle class. It should.
Idk how well the lower higher pattern works on high timeframes, if this one is valid, the price should keep going down for the next couple of months...
Eager to see what happens. A nice crash will be rough at first, but eventually good for the middle class. It should.
Let's see how the price reacts.