At this time...
This pattern is holding so far... and..
I am republishing this chart because of new possible events that will effect the pattern.
Most notably.. on AUG 16th, the SEC will decide on allowing or repealing CBOE's request to sell ETFs.
If approved, this will be historic news...
A bull run should happen right then and there, regardless of price or...
Many of you were NOT happy with my support of the TA that indicated prices would fall further and lower.
I was SUPPORTING the respected TA of my favorite authors.
This goes to show that TA is not perfect, EW is not perfect, Wykoff is not perfect, Fundamentals can be off
Manipulation overrides everything.. all logic and all sensible analysis.
What is happening...
The manipulators have been very careful this month...
Natural market forces predominate... and the price we are at today makes sense.
Yes, markets in alt coins are expected to be repressed during the summer time.
All this will change when new money enters the market.. which is already starting to happen.
We need to be watching for fundamental market 'wins' in...
Price Manipulation is NEVER Random.
Seen so many small/giant Head and Shoulder formations, I have lost count.
And this could be a new one about to happen, but on a super grand scale.
For those of you that are new... Head and Shoulders is exactly what it sounds like...
- A price 'peak' forming the head, with the left and right peaks called shoulders.
THE ETHICAL CODE OF THIS POST....
This is NOT about discrediting 'HONEST' Tradingview members.
It is a 'HOW TO' and cautionary advisement, some topics may be unpleasant.
Draw your own conclusions, supplement with your own research.
If you appreciate the work, add a LIKE.
Feedback is welcome... if helpful, on topic and NOT antagonist.
Several TOP AUTHORS...
this is NOT a post to discredit the work of 'HONEST' Tradingview members.
It is both a 'HOW TO' and cautionary advisement.
Draw your own conclusions and do the research.
(You will also be provided with many URL links as we go.)
When I was new to Tradingview...
I was severly overwhelmed and somewhat lost.
It took a LONG time to figure out what was...
this is NOT a hate post to discredit valued publications of 'HONEST' Tradingview members
It is a cautionary advisement.. to educate new traders and open your eyes
So you are NEW to trading.. or new to Tradingview
This makes you easily influenced.. because let's face it..
- you are eager to learn
- you want to learn from the best
- you want...
Volume is very low...
And more or less, it's why the bulls have not recovered much ground.
Price manipulators are being VERY careful, as the Feds are watching...
but they will make a move sooner or later
Been visiting the BEST TA pros on TradingView
No one is certain which way we are going.
Indicators and Fundamentals are all over the place.
Will be reporting more on this as things develop over the next few days.
I see evidence of SHORT TERM manipulation by AI bots
This is NOT major... and the big manipulation forces seem to be...
I have been visiting many TA rooms
currently, I follow 27 members
And most are getting it wrong
Many spotted the crossing of 100 ma and 50 ma
Which means a huge SELL signal
Well manipulators would act on that, regardless
But then too many people I follow stated that we would have this big bull play
We did not and instead fell to the lower support area that was...
Price MANIPULATION is Real...
This June, the Feds launched several investigations into this problem.
Note: this chart is an update to the previous 'Red Chart' posted several days ago.
The prediction model I am using is NOT Wyckoff, NOT straight TA, NOT Elliot Wave
it is something ENTIRELY different.
For those of you who worry about this..
I have a Persian...
Thanks for your interest in WILD THEORY
Characteristics and the Basis of this Chart
- Forecast lines are Fibonacci in nature, not true TA
- A retrace like this has happened before on a smaller scale
- Pattern 'cloning' such as this one occurs on a regular basis
- Low probability of occuring, market fundamentals do NOT support it
If you are interested in...
Thanks for taking an interest in WILD THEORY
This chart is NOT accurate TA
However, based on Fibonacci symmetry and retrace... pattern 'cloning' such as this one occurs on a regular basis.
If you are interested in hearing more about WILD THEORY
- Questions and Answers
I suggest that you follow me....
and then go back and READ through my...
Woke this morning, thinking we fell..
cleared the sand out of my eyes and saw the opposite.
For those of you who are new to TA...
We are starting on the rising leg a formation called an inverted Head and Shoulders.
No, this is not a crushed bottle of dandruff fighting Head and Shoulders shampoo.
Visit these SAFE links to learn more about this pattern on...
Thanks for LNE and Botje11, who chat with me a little and took some interest in my words.
Both are superstars on Tradingview, I trust their TA work.
Those of you following me KNOW I take the best TA work and draw my own conclusions.
This is because the MANIPULATORS do their own best TA work and then do their own manipulations.
THEY BUILD ON CURRENT TA, FOLKS and...
I hate to say I TOLD YOU SO...
Well, I fooled myself this morning....
Woke up and thought, what's with the price rise?
Then I went back to YESTERDAY's CHART
and saw I already predicted this little mini rise...
and wrote a blurb about it ON THE CHART.
And this was NOT a clone detail of the Historical Pattern (Formation A)
How did I derive the short rise?
I needed to publish this update ASAP
The BIG RED ARROW is what is coming
We did NOT bounce of 400 on the last dotted black line
(we bounced off 500 ETH)
It mentions the drop that happened at 2 am
(Not room there to fit everything, sorry)
On the far left, you see a note about a little rise
That's what WILD THEORY is all about