BTCUSD / First and Last Test Run.Strange Huh. Me posting an idea on BTC.
Let me be clear with one thing this is first - the only - and last chart I am posting on BTC for Testing Purposes. I just like to research things, and test different stuff!
As well I will not trade this myself and I never will trade Cryptos. Gold is the only real money and has been for 5k+ years, and when the real Fear comes to the world this is definitely not a chart that will be UP in most green, that one will be Gold. That is just my subjective opinion.
As for anything that I trade, I looked for Frequency base level. For Gold, it is not a secret it is - 28. I have mentioned a lot of things in my - Dynamic hint - idea about it.
Turns out it was not hard to find it for BTC. So I gave that Base number to my great friends over at Xino Corp Software we spent 3 weeks on the development and made a quick BTC frequency trading tool with good old High,Low,Close inputs.
prnt.sc
As of now, I don't even consider making better design or improving this piece of calculator because this is just a test run, so I can see should I really invest more effort in it.
For example, For Gold, I have made stable and serious tools during years.
One example Intraday trading tool / prnt.sc
So to start off with BTC I just want to see how the FRQ trading works, because that is the simplest thing to start/test for everything out there.
Those following me on Gold know that I produce target's based on Breakouts, intraday breakouts and big breakouts. Big Breakout mostly ends up with a turnaround and is not a false breakout but a Target that will be reached later.
So based on Frequency trading what we have two roots giving a target of 2067$
In theory, a quadratic function such as f(x)=x^2 which only touches the x-axis at one point, that root is said to have a multiplicity of two. This is more obvious when you write the function as f(x)= (x)(x). Either x can be replaced by zero to make this function work, so technically there are still two roots. Any time the graph of a function curves toward the x -axis, touches it, and then moves away without crossing over the axis, this situation occurs. For example, a 4th-degree function where the graph touched the x-axis at x=2, bounced off and then curved back and touched again at x=4, and then veered off again, you would have four roots: X=2 with multiplicity 2, and x=4 with multiplicity 2. Basically "touches" are double roots.
So one touch at 3524$ then the second one at 3533$ gives a target of 2067$ because that is considered to be a breakout.
So next, In terms of the fundamental theorem, equal (repeating) roots are counted individually, even when you graph them they appear to be a single root. You have to consider the factors:
x^3(ax^2 + bx + c)
If x^3 = 0, this is the same thing as x * x * x = 0, or x = 0, x = 0, x = 0. Even though they are equal and repeating, they are still 3 factors of x in the original polynomial.
That being said there should be a continuation.
Target 2067$ is given and I will be keen to see can BTC achieve it.
