BTC – What should we call that shape?
Good evening!
Well, its evening for me here in the Great Lake State…. 11,037 over an acre, I recall… take that Minnesota!
This (white) pattern needs a name… he’s like a starship fighter… or a crown… or a triple top… i dont know… but he’s unique enough that he’s easy to spot , especially at the top of those big jumps.
Soooooooo. Here are a few recent, similarly relevant, behaviors that the ol’ King-of-Krypton has been exhibiting, transposed onto the current harmonic pattern (deserving of a fun name), and scaled to match the most recent prominent movements in the pattern, with a quite a bit of attention to the overall fit with the (solid) support and (dashed) resistance levels…. In this 3D space map.
Whats your favorite color?
If you like this, ill keep doing it, follow along! . . .. but even if you don’t follow me… , I’m gonna do it anyhow, cause it’s fun 🙂
Good Luck, God Speed, Please – – Send Love & Light around the world… try to meditate on it as you close your eyes in relative peace this evening.
If you haven’t sorted out meditation… Basically… just focus on that warm feeling that radiates from all of us… that’s love… and then focus your attention on sending it…. It will go wherever you want… your in control of it, and it is infinite…. We can all do it. It gains power if we all do it en-mass.
Fear blocks love… there is a lot of fear in the world right now… the VIX… also known as the FEAR index… volatility in the market… an ever declining derivative function on the SP500… one of the largest aggregates of the data of human emotion (fear vs greed)… is spiking in volatility… and it feels like it’s just ramping up. So there is an upward change in the first derivative function of the fear index… means the market is moving toward fear… which at the end of multiple inflationary bubble cycles, that avoided necessary market stabilizing corrections, we are due for a massive pile up of corrections, or a crash, back to the 1930’s resistance vectors.
I would expect that similar changes in fear exist in both the crypto currency traders as well as index traders. As we often see similarity in the harmonic patterns between the various charts.
Or will Bitcoin finally decouple from the us stock market and reign supreme of all vapor?
Or will some nukes take out the worlds power grids and communication networks, and all of this vapor we obsess over will be only a memory of excited trading, just like any other human with a process addiction to the emotional responses and dopamine we give ourselves when we win a bet?
If you have any thoughts on my thoughts, that could inspire more thinking, so please share 🙂
Good night!

