BTC price chart spoked wheel pattern emerging.
Viewing the daily BTC GBP chart since the ATH 2017, I noticed a pattern emerging that has ZERO to do with any currently known or observed market/price movement,
so I would consider this utterly random, and to be viewed entirely as co-incidental and NOT as any kind of realistic price action.
THIS IS NOT TA or any attempt at any meaningful or established TA, so please please keep any rage to yourself regarding this chart image.
Ignoring ( for the most part ) the outlying ATH spike, it appears the rallies price/time angles lead back ( visually ) to a -6000 GBP figure.
Spokes in a wheel so to speak, each becoming shallower in angle, and all centered around ( pretty much ) a minus 6000 GBP hub.
Noticing this, I used said hub to project further spokes outward that intersect with the clear downward bear trend line of the last three rally peaks ( near enough ).
The 'hub' of the wheel is not a pinpoint, but a hub, a circular area you could equate visually to a hub in a wheel, it has mass/volume.
Yes this is a 5yr old childs mindset, playing with crayons and the human propensity to see patterns where none exist, but still kind of interesting.
I have placed two dated prices ahead of time, just to see if this pattern plays out.
There are far too many outside factors going on in the crypto-sphere to give these figures ANY validity, but it will be interesting to see if the
'spoked pattern' plays out none the less.
so I would consider this utterly random, and to be viewed entirely as co-incidental and NOT as any kind of realistic price action.
THIS IS NOT TA or any attempt at any meaningful or established TA, so please please keep any rage to yourself regarding this chart image.
Ignoring ( for the most part ) the outlying ATH spike, it appears the rallies price/time angles lead back ( visually ) to a -6000 GBP figure.
Spokes in a wheel so to speak, each becoming shallower in angle, and all centered around ( pretty much ) a minus 6000 GBP hub.
Noticing this, I used said hub to project further spokes outward that intersect with the clear downward bear trend line of the last three rally peaks ( near enough ).
The 'hub' of the wheel is not a pinpoint, but a hub, a circular area you could equate visually to a hub in a wheel, it has mass/volume.
Yes this is a 5yr old childs mindset, playing with crayons and the human propensity to see patterns where none exist, but still kind of interesting.
I have placed two dated prices ahead of time, just to see if this pattern plays out.
There are far too many outside factors going on in the crypto-sphere to give these figures ANY validity, but it will be interesting to see if the
'spoked pattern' plays out none the less.
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