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Squareroot

price=time (NOTE: this looks wrong til u expand scale on right)YOU HAVE TO EXPAND THE SCALE ON THE RIGHT TO MAKE THE CHART/RESISTANCE LOOK THE WAY IT'S SUPPOSED TO...@Tradingview continues to be weird with spirals/circles...they shift from where they are when i publish the chart, when i post the chart...when you play with the scale, expand and/or pinch, the shapes should automatically revert to where i drew them, with my locked scale) anyway...have you met the 2.236? aka the square root of 5? it's kind of a big deallll spiral is time between those bottoms and fit visually (vertical lines tangent to spiral seem to call reversal points but that's another story for another time..."too many notes" ) bounced off 6.854 (1.618 ^ 4) spiral of time between macro tops, see update on this idea
INDEX:BTCUSD
by FinanciallyCodependently
accidental wormhole cleanupadded some levels and tweaked placement, these belong at the first two of three bottoms not sure where bottom will be or if we'll even go down more...2.718 (euler's number) is important supposedly (i think of it as inverse phi..phi is infinite outward growth and euler is infinite inward growth) and we're there now...but we wicked to the 4.236 so maybe that? just think of these as curved pitchfans, i think see for process/tutorial use stop loss, get outside, be nice to each other
INDEX:BTCUSD
by FinanciallyCodependently
5
Nants ingonyama bagithi baba (lion king music)disclaimer: NFA, i'm noob, i make this stuff up as i go. you should play too but always be humble and use stop loss and remember "this market.........is volatile" to quote bitboy 1. scale chart properly (this is 100:1; that means every $100 = 1 time unit which is 15 min here). this is important, and lock the scale when you find one you like bc if you adjust it, your circle will shift (try it). this can actually be useful FOR scaling/squaring properly (example: i will draw a fib 'circle' (actually an ellipse) between points and adjust scale until the ellipse becomes a circle) 2. make a circle (fib arc) of time difference between top and bottom, horizontally (not angled) that means the radius of the circle = the time of the move. that's the unit circle. that's 1 3. copy and paste that circle and make each one's radius a multiple of the OG unit circle (settings and put your levels in, just like normal fibs). i do square roots but you can do phi and its multiples as well. i go up to 6.854 and 11.089 sometimes, depends on chart (TV defaults to doing phi multiples all in the SAME circle (aka concentric circles aka archimedean spiral) but that's not how i do it) 4. fit circles to tops and bottoms. play with different arcs of the circle, the top is its own convex arc and the bottom is its own concave arc for example 5. i'm obsessed with the idea of 3 taps (on flags and trendlines and beyond), which i think comes from the idea that every 3 non-linear points make a circle. so if you touch a circle twice, the third confirms = bounce? idk. also applies to planes which is what's really going on here, 2d is scamfu. idk i try to ask myself "if i were a price action inside the chart rn what would i do?" and on the third tap i would be like 'oh ok cool this is confirmed now, that was fun, my work is done and i'm bored, now i can bounce') 6. sometimes it's horizontal tangent lines to arcs (aka the line that touches the circle at the bottom or topmost point)...bc this represents the radius at its extreme, at the limit of price change. support. circles are the bridge between worlds, they are the way to translate and project from one axis (time) to another (price). you're just using the radius as a ruler essentially michael s jenkins (find him on youtube) is essential...his idea, probably inspired by gann, is that time=price. it's the basis of the idea that you can do geometry on charts. time cycles. planetary cycles = time cycles. i recommend watching his videos on .75x speed and pausing frequently at first getting into bradley f cowan, absolutely brilliant
INDEX:BTCUSD
by FinanciallyCodependently
square (rooting) the circleobvi not financial advice (are you HIGH??), just been posting sketches here mostly bc i need the help keeping track of them lol just eyeballed the top circle here, thinking i should disregard wicks (which is what i usually do when i draw regular fibs/i make them so the wicks are 1.09 or 1.128), then when i clicked my 'square roots' template, saw .707 (square root of .5, and also half of square root of 2....1.414 is sort of like the 1.618 of squares re: self-similarity/fractals btw, bradley f cowan explains it pretty well) and .886 (square root of .786) called the wicks. THRILLING STUFF, felt cute might delete i added 3.14 for funsies bc sorry not sorry...pi cycle is real and pi is important. i mean we're talking cycles here, cmon. we're on the pi arc now, and the horizontal tangent (bottom) makes sense too when you get similar ideas at different ratios i don't think that's flip-flopping btw, it's confluence/recursion bullish on fresh air, sunshine, and hydration this week was recently gifted w/Bradley F Cowan, highly HIGHLY recommend along with other gurus: michael s jenkins gann (astro just as time cycles, not necessarily w/meaning ascribed bc that's a whole can of worms) jim bartelloni larry pesavento candleboxAI and gannjourneyman
by FinanciallyCodependently
3
TAK : SQUARE ROOT / POSITION TRADEThe Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend. Tailwinds: There are reasons to be optimistic for the longer-term growth with Takeda also being a diversified COVID vaccine play. Exploring further, the company has a multi-thronged approach to the problem, first as a treatment developer undergoing clinical Phase 2 trials using plasma technology, second as a manufacturer through a license agreement with Novavax's (NASDAQ: NVAX) COVID-19 vaccine candidate and finally, as a distributor in a three-way agreement with the Japanese government for Moderna's (NASDAQ: MRNA) vaccine. Source : Chetan Woodun, SeekingAlpha read full article here : seekingalpha.com
NYSE:TAKLong
by TradingMavericks
2
Implications of this breakout for longterm BTC trendSo yes, BTC is apparently bullisher than I thought, at least short-term, because longterm I'm always a BTC uber bull :) But short-term, I had several reasons to think that a weekly capitulation bar was very likely: 1. Too much bullishness and optimism (contrarian indicator) 2. Number of daily transactions still below ATH (although now finally approaching ATH level), therefore metcalfe price not high enough 3. Crypto fear and greed index at or above 60 (alternative.me) 4. Weekly and 3d stoch RSI on overbought since ages 5. Drying up volume after a strong impulse move down in an ascending triangle 6. Bearmarkets in BTC like to end with a strong capitulation weekly bar on large volume And most importantly: 7. Cycles getting longer, meaning that the low we had in 2015 in January, would come a few months later, around April-May. But apparently, BTC does something else. That's why one has to love BTC. No matter how long you're in the market, BTC always makes you rethink your assumptions. That's why I was thinking, what implications would it have on the longterm BTC chart, if we'd enter the bullmarket now, the chances of which have increased a lot, especially if the weekly candle closes above 4600. I've drawn two scenarios: One where BTC slows down, every cycle until now was 574 days longer than the previous one. Of course, we don't have enough data points yet, but if we are to extrapolate this, we'd get the next ATH in July 2023 at around 200k. But it seems to me that this theory might be wrong, given that BTC wants to continue the bullmarket prematurely, thus, as fast as the last time, with no signs of slowing down. This would mean that the cycle duration would from now on stay more or less the same: 4 years, strictly governed by the halvings. In anticipation of the halvings, the price already starts to rise at least one year before the halvings, as it seems. Therefore we would get the next ATH at the end of 2021 already, but then not quite as high, "only" around 100k. So, as BTC appears faster and bullisher than I thought, what do you think, will the cycles get longer or not? Both could work out, although the faster breakout here would favor a bit the 2021 ATH version. But then again, the logic dictates that as bigger as something gets, the more "inertia" it should have. Guess we'll need new data points for 2019 :) Now, when is a good time to enter this market? I personally never enter a FOMO, especially not when all indicators are overbought. If indeed the weekly candles continue green and get above the 5k range, it will be good to enter when weekly stoch RSI gets oversold again, after a few strong dumpds, i.e. from 6500 to the 4000 range, provided the logarithmic resistance now acts as strong support. I've written a lot now, but this move here is fascinating, and therefore needs thinking and re-adjustments for the longterm BTC trend might be necessary. Neutral because I wanna see the weekly candle close first to be sure.
BNC:BLX
by SebastianofMoon
17
Amazing convergence of BTC supports points to a certain priceI noticed a crazy convergence of extremeley important supports, at a price range, that I think, will be the strongest support in this bearmarket. The first support being the weekly MA300. The second support being the longterm squareroot function trendline. The third support being the line connecting the 2013 ATH with the China dip. The last one comes from an idea by: Credit to him for noticing this interesting characteristics of BTC, which also held in the previous BTC bearmarkets for estimating the low. All these three extremely solid supports point to a price target of 2000-2500 USD. Somewhere in that range. I don't see it going below these supports for an extended period of time. If, then only very briefly with a very strong rebound.
BNC:BLXShort
by SebastianofMoon
6