Continuing my (unreasonable?) interest in radial lines as a type of TA, here's an additional curious take on the familiar 12-year Bitcoin price chart. Explanation:
The yellow radial lines go from a low to the previous high. The convergence area is circled in yellow.
The orange radial lines go from a high to the previous low. The convergence area is circled in...
Continuing my (unreasonable?) interest in radial lines as a type of TA, here's a curious take on the familiar 12-year Bitcoin price chart. I don't put much faith in the last radial line (because of the late 2023 date), but it does represent an interesting "idea".
By the way: I'm somewhat critical of those who "fit" a couple of curved lines to Bitcoin's 12-year...
Well, in a heavily manipulated market, one never knows. But I don’t think we’re there yet.
This is update #9 to my original May 5 post. See my previous post for the big picture. This is a tight 1-hour zoom in.
At the risk of being stoned to death (I’m an observer, not a prophet), I offer this plausible scenario:
I expect Bitcoin to bounce around the (downward...
Bitcoin has arrived at the upper parabola. If I'm correct, the predicted and (dare I say) manipulated Bull Trap is here.
This is update #8 to my original May 5 post. Note, however, that the Bull Trap was first called on the June 6 update. I'm not bragging, I'm warning: If the near-vertical radial line "e" is saying what I think it's saying, we're at the edge...
"Looney TA from a Looney Bear!"
Well, these parabolas and radial lines are certainly unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections.
And my predicted double bottom at $30K happened at $31K instead. But hey, that shows we're in a strong Bull market, right?
This is update #7 to my original May 5...
Parabolas and radial lines: Unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections.
This is update #6 to my original May 5 post — showing one addition radial line (“e”) and the below plausible(?) Bitcoin scenario:
1. Double bottom at $30K. (A manipulated Bull signal?)
2. Strong bounce to the “hopium”...
Warning! Conspiracy theories ahead:
1. Why does the January-to-May BTC chart (with its mid-April ATH) form a near perfect curve?
2. Why do *all* other BTC ATH charts form sharp mountaintop peaks?
3. Why am I (and most all other 12-year-BLX curve fitters) *unable* find a natural/logical curve that passes thru April’s ATH?
Conspiracy Theory #1:
Might the...
Hello everyone,
I've got my contrarian hat on today, inspired by my previous idea on Litecoin.
While everyone is expecting further retracement or re-accumulation phase for the coming months on Bitcoin, could this surprise all and continue it's parabolic rises?
We present the 3 parabolas (yellow, purple then blue) that we see playing out, IF our contrarian view...
Originally I thought this was a little too fast but felt it was a short squeeze and we'd top in the $8-$10k range then have a nice correction. Unfortunately things go out of hand.
Parabolas happen all the time, in many different price /time ranges and many different assets. I've studied them for years and I got shit when I said the $20k parabola was a bad...
