EsotericTrading

EsotericTrading

Its observable that Bitcoin could possibly be following patterns from early 2017 and taproot with a possible lowest of the low support zone at 46k and a more reasonable support zone at 53k.

EsotericTrading

Reasons traders are sweating in their seats right now: A: They have no sense of historical pattern or data recognition. B: They have not learned the fine art of hedging and proper risk management, and therefor have not left 50-70% allocations in cash for the buying of crashes with conservative incremental buy limits set 5-10K spaced apart. C: They are greedy...

EsotericTrading

In mathematics, Fibonacci is the sequence of numbers that defines organic growth. In animal and plant life, the human body, as well as in success in life, this sequence is observed. Though science generally accepts the spiral pattern in certain aspects of life on Earth, some believe the Fibonacci sequence (named after Leonardo of Pisa who was nicknamed...

EsotericTrading

The multiples reference the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21). These are important mathematical numbers. These specific multiplications of the 350DMA have been very effective over time at picking out intra-cycle highs for Bitcoin price and also the major market cycle highs. I have been wondering of the effects of phi...

05:33

EsotericTrading

The multiples reference the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21). These are important mathematical numbers. These specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs.

EsotericTrading

Not gonna lie - the fact that Bitcoin is teaching us that God is really just a fractal - as well as everything else in existence - and our actions and psychological behaviors are somehow pre-programmed and made manifest in golden ratio chart trading patterns is well...is something. Chaos in order... How we will behave in the future is dependent on our free-will....

EsotericTrading

The times I leave money on the table as a swing trader are the times when I over estimate the human crowd psychology in thinking the ease and obviousness of a continued pattern playing out again would be...just TOO predicable. Afterwards, I "woulda shoulda coulda"... and then remember that humans rarely change their ways. And when they do, it happens...

EsotericTrading

I made a video of this chart explaining in detail - the computations. Every time I tried to publish this chart, trading view messed up the half circle fib extensions. So they are not in the correct place. Just know that any way you spin the board (diagonal, sideways, vertical, horizontal, left, right, up, down) the golden ratio math connects with perfect...

12:19

EsotericTrading

I am SO SORRY about the scratchy sound. I was being lazy and resting my laptop on my legs in bed. I thought it would be more useful to explain my thought process rather than post a static photo. Let me know if it helped. This is just a theory and SHOULD NOT be taken as any sort of investment advice. This is just for fun and to inspire you to connect the dots...

EsotericTrading

The MFI compares it with several different evaluations of money flows with volume in and out of the asset. Based on the theory that volume precedes price, the MFI acts as a more ambitious leading indicator than the RSI. As you can see by only using the example above, the MFI would have predicted substantial % profits for the wise trader. It was able to spot...

EsotericTrading

"Everyone is wrong" as Raoul Paul urges people to understand the basic premise of markets which operate while causing the most pain. While many investors are catching on to the "sell the cycle top and buy the bear cycle bottom idea" he suggests that a confluence of global anomalies may cause the first initial sell off in December, with price dramatically...

EsotericTrading

Volume indicator analysis is an important technical parameter which is first ignored by novice traders. In general, the first thing that comes to mind when considering technical indicators is moving averages, RSI, MACD, etc. After all, that is what I started out with using. Some trading professionals who have been in the business for a long time will tell you...

EsotericTrading Updated 

Not only is it fascinating to observe the fractal patterns of a crypto asset play out over time, it's also fun to watch how the peaks and valleys evolve in a methodical fashion. The newer cryptocurrencies still have really sharp price peaks with steep and sudden "drop-off's" while BTC matures with rounded macro hills, made up of micro sharp peaks. This is most...

EsotericTrading

We can see that the first ATH peak in each cycle loves to test the RED 0.789 fibonacci line, get rejected from it, the come back for a retest and eventual break through. The date ranges show the slight lengthening. All ranges and extensions were pulled in harmonic resonance, making sure that there were logical meeting or connecting points. Math is like a...

EsotericTrading Updated 

Can Ethereum see a test down to the 4-hour ascending channel of around 3700? Absolutely. This happens all the time in the markets. One need only to scan the charts and highlight every drop along its path to see that nothing new is playing out. If Ethereum breaking through this ascending channel, then the continuation of the bull market new ATH most likely is...

EsotericTrading

Exploring the elegant fibonacci shapes and symmetry in pictorial relations. The process involves expanding the data field tools, hand drawn or other until two or more pivotal peaks or plateaus connect automatically within one projection. From there, the search continues to find the correct tools, data points and processes that connect and communicate within the...

EsotericTrading

Here is a screen share of my basic trading screen setup The volume-weighted average price ( VWAP ) that gives the average price traded throughout the day, based on both volume and price. VWAP is important because it provides traders with insight into both the trend and value. I use the triple daily, weekly and monthly VWAP . Volume profile: The 80% Rule If the...

EsotericTrading

CVD divergence is not always intuitive. Dyslexia of my mind sometimes confuses bullish and bearish CVD's. Intuitively, the mind may want to look for the obvious divergence patterns of trend line oppositions such as < . However, one must think about the selling and buying absorption relative to the price movement, and then predict the next most likely market...