[20-12-2023] $TOTAL & $TOTAL3 - GEOMETRY ANALYSIS
In this chart, we delve into the esoteric realms of geometry to decode the cryptic movements of the market. By applying the principles of Pythagoras, we've constructed geometric shapes that align with key pivot points, revealing potential areas of support and resistance.
Left Chart Analysis (Total Market Cap): As we observe the Total Crypto Market Cap, the Pythagoras Geometry brings forth a vivid tapestry of intersecting lines. The market's ascent seems to have found resistance at the peak of the green triangle, with the potential pivot around the 1.65T mark, aligning with the base of the red triangle. A clear pattern of consolidation within the geometric confines suggests a brewing momentum, possibly awaiting a breakout or reversal as it approaches the confluence of multiple geometric boundaries.
Right Chart Analysis (Market Cap Excluding BTC and ETH): Focusing on the market excluding Bitcoin and Ethereum, the geometry suggests a nuanced narrative. The recent price action has respected the diagonal support of the yellow triangle, while the overhead resistance is framed by the green and red geometrical ceilings. The convergence of these lines around the 471-475B zone may act as a crucible for the next significant move.
Traders might look for price action to breach these geometric bounds to confirm a directional bias. The key will be to watch for volume-backed movements as the price interacts with these critical lines, serving as a testament to the Pythagorean harmony that may govern the rhythms of the market.
While the mystique of Pythagoras' theorem is often confined to the realm of mathematics, in the financial markets, its application through geometric charting can provide a unique perspective on price dynamics. As always, while the patterns provide a roadmap, it is the price action, corroborated by volume and other indicators, that should guide the final trading decisions.
Left Chart Analysis (Total Market Cap): As we observe the Total Crypto Market Cap, the Pythagoras Geometry brings forth a vivid tapestry of intersecting lines. The market's ascent seems to have found resistance at the peak of the green triangle, with the potential pivot around the 1.65T mark, aligning with the base of the red triangle. A clear pattern of consolidation within the geometric confines suggests a brewing momentum, possibly awaiting a breakout or reversal as it approaches the confluence of multiple geometric boundaries.
Right Chart Analysis (Market Cap Excluding BTC and ETH): Focusing on the market excluding Bitcoin and Ethereum, the geometry suggests a nuanced narrative. The recent price action has respected the diagonal support of the yellow triangle, while the overhead resistance is framed by the green and red geometrical ceilings. The convergence of these lines around the 471-475B zone may act as a crucible for the next significant move.
Traders might look for price action to breach these geometric bounds to confirm a directional bias. The key will be to watch for volume-backed movements as the price interacts with these critical lines, serving as a testament to the Pythagorean harmony that may govern the rhythms of the market.
While the mystique of Pythagoras' theorem is often confined to the realm of mathematics, in the financial markets, its application through geometric charting can provide a unique perspective on price dynamics. As always, while the patterns provide a roadmap, it is the price action, corroborated by volume and other indicators, that should guide the final trading decisions.
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