I first started plotting the energy lines for BTC back in March. At the time I thought they we're pointing to a price of $92k on the 17th April (and that BTC would get there). It turns out the lines were correct, but they were pointing at a peak date NOT a peak price. Since mid April the price has continued to radiate around the web, moving in and out of the arcs!
Here's another example of an arc spider web. The price action in Silver last night backtested the breakout from Jan 2011, this break out 10 years ago led to a huge move in Silver - could this happen again now!!! The secret to these charts is to find the centre of the arc (normally there's a long candle or symentrical price action in the middle). Once you've...
I’ve been working on this theory that arcs radiate out from a central energy point. If price breakes the arc it forms a new layer (just like an onion). It’s why the further you stretch an arc, the harder it becomes as you’re moving the right hemisphere away from the central point, therefore ruining the symmetry. If you leave the central point the same and just...