Testing a theory that price isnt random and usually repeats at different sequences.
Will update as I find more instances of this theory in play.
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MATIC 1
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MATIC 2 One thing I will have to keep in mind is where and what BTC is doing as that will have a great effect on what happens with said ALT coin. However, still if we look at each of the 3 leg ups, we can see similarities in price action.
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CKB Previous pattern. It seems that by the 3rd wave, the price action is either affected by BTC or breaks out. However these same factors would have been in play from the initial start of the formations, something to think about... In CKB we can see how clean the first mold fits the 2nd sequence, while the 3rd sequence was a bit hard to fit in, we can see he same pattern in my opinion.
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HBAR Somehow I feel like theres a theory out there somewhere that explains this froma psychological aspect, likely related to an Elliot Wave idea, however EWT as a whole is some other shit...iykyk.
BNB2 Looking from the first two sequences we should expect a leg down, which usually happens in a triangle like this however, the third sequence has usually broken out on previous patterns, lets see what happens.
Coming towards the conclusion that the repetitive patterns are due to bots replaying similar parameters constantly. CKB 2
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Nice pattern on LINK, the next step will be for me to figure out when the 2nd sequence is likely to start. Going off of my findings, this 3rd sequence on link will break out and wont form the same pattern again.
ZIL I was able to find previous patterns that matched up with future price action, a bit different from what I've been noticing before. Arrows indicate where I got the bar pattern from and the final arrow suggests my hypothesis on what I think happens next based on the pattern that follows
@DrCoinelius, Thank you! I first noticed someone using it on twitter and it surprisingly worked pretty well. Obviously its pretty subjective and human nature will make us force a connection, but I've picked up on reoccurring patterns while scalping so I figured I might as well look for connections to take advantage of.