[ETHUSDT] Pareidolia or a Secret FOURmula?
Was a little hesitant to post this. But this post is just for fun and speculation of course and definitely should be marked under "beyond technical analysis". This is also a result of what may happen when you stare at charts too long and may develop a sense of pareidolia (I had to google it haha). But I found this quite interesting.
Before I get started on my crazy idea, let's talk about the number "4". From a speculative and theoretical standpoint, especially in the context of numerology, the number 4 is often associated with stability, order, and structure. It's considered a foundational number and is often linked to building solid foundations, whether in the physical world or in the construction of ideas and plans. Foundations and structures can seen as form of support. Stability can be considered as support. We all know support can also be turned to resistance as well.
Now, If you take a look at the chart (if your eyes can handle it), you will notice some white drawings on candles, horizontal lines, vertical lines, and EMAS.
The white drawings on the candles are tracing price action and they seem make out a shape similar to the "4"
All the horizontal lines are pretty much drawn at points of support or resistance of where price was. If you add the numbers up of the price where these lines are, they will all equal the number "4". For example $2272 (2+2+7+2=13, 1+3=4), $2191 (2+1+9+1=13, 1+3=4), 2002 (2+0+0+2=4). Good price action or consolidate tends to happen at these lines.
The vertical lines are marked at 4:44am and 4:44pm UTC, or on the 1 hour chart 4am and 4pm. There is also some interesting price action at these times. There are usually big moves at or soon after these time.
And for the heck of it, I added 3 emas (4, 40, 400), which prices seems to respect while making 4 patterns, and tends to use them as support or resistance.
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Any thoughts on this, or am I crazy? I wonder if $2444 will serve as some sort of support or resistance or catalyst.
Before I get started on my crazy idea, let's talk about the number "4". From a speculative and theoretical standpoint, especially in the context of numerology, the number 4 is often associated with stability, order, and structure. It's considered a foundational number and is often linked to building solid foundations, whether in the physical world or in the construction of ideas and plans. Foundations and structures can seen as form of support. Stability can be considered as support. We all know support can also be turned to resistance as well.
Now, If you take a look at the chart (if your eyes can handle it), you will notice some white drawings on candles, horizontal lines, vertical lines, and EMAS.
The white drawings on the candles are tracing price action and they seem make out a shape similar to the "4"
All the horizontal lines are pretty much drawn at points of support or resistance of where price was. If you add the numbers up of the price where these lines are, they will all equal the number "4". For example $2272 (2+2+7+2=13, 1+3=4), $2191 (2+1+9+1=13, 1+3=4), 2002 (2+0+0+2=4). Good price action or consolidate tends to happen at these lines.
The vertical lines are marked at 4:44am and 4:44pm UTC, or on the 1 hour chart 4am and 4pm. There is also some interesting price action at these times. There are usually big moves at or soon after these time.
And for the heck of it, I added 3 emas (4, 40, 400), which prices seems to respect while making 4 patterns, and tends to use them as support or resistance.
----
Any thoughts on this, or am I crazy? I wonder if $2444 will serve as some sort of support or resistance or catalyst.