This is daily line chart using the log scale to show past equalities in momentum vs percentage change. Using these rates of change from the most recent cycle and applying these values into the near future typically provides very valuable price levels and the amount of time it takes for the asset to change hands and thus change trend.
The purpose of this chart is simply to be able to see how price responds to these price levels and what significant reaction we see on the time cycles they produce.
The implication is there are two significant factors at play.
First is significant price levels of the past. Expecting a reaction at these levels needs no explanation.
Second is the projectable rate of change in momentum of both buying or selling that is directly correlated to the change in percentage of value of an asset.
Basically the higher the percentage change the more participants it attracts and the rate of this momentum change is predictable using the rate of change in percentage instead of just dollars.
The average rates of change are plotable using simple geometry and tend to be extremely accurate at providing significant price levels and time periods to expect a reaction or reversal.
Macro wise we have clearly broken the down trend but currently retracing at least some of the last major pump.
Overall money flow is increasing and the wave trend oscilator is still trending up.
Current trading idea based off the data is to hold off for the next clear trend brake up or for another 10% drop over the next week or so and back to pump city.
The yellow line is a silly price prediction of hopeful thinking based off of the significant price levels and time cycles produced from averages of the recent past.
The purpose of this chart is simply to be able to see how price responds to these price levels and what significant reaction we see on the time cycles they produce.
The implication is there are two significant factors at play.
First is significant price levels of the past. Expecting a reaction at these levels needs no explanation.
Second is the projectable rate of change in momentum of both buying or selling that is directly correlated to the change in percentage of value of an asset.
Basically the higher the percentage change the more participants it attracts and the rate of this momentum change is predictable using the rate of change in percentage instead of just dollars.
The average rates of change are plotable using simple geometry and tend to be extremely accurate at providing significant price levels and time periods to expect a reaction or reversal.
Macro wise we have clearly broken the down trend but currently retracing at least some of the last major pump.
Overall money flow is increasing and the wave trend oscilator is still trending up.
Current trading idea based off the data is to hold off for the next clear trend brake up or for another 10% drop over the next week or so and back to pump city.
The yellow line is a silly price prediction of hopeful thinking based off of the significant price levels and time cycles produced from averages of the recent past.
評論:
Lets go
評論:
at the edge of the circle and should be ready for a trend change hopefully up
