DGBBTC Plausible price action :// OLD PATTERN REPEATS

2018년 3월 24일

The pair is currently under a resistance line and there is much in common with the last one we saw. The current one is not only twice shorter in time length, the price change from top to bottom is a half from the previous, but also the altitude from LINE 1 to LINE 2 is twice as big as the one from LINE 2 to LINE 3.

Now, let's track the trends themselves. In the first one ( the larger ) we have an ultimate top at 2017-06-13 (20:00) at .00001419. Then, 586 pips lower we have our first top 1 at 2017-07-24. On the 2nd trend our ultimate high is at .00000833 at 2018-01-09/10, and 248 pips lower our 1st top 1 formed at 2018-01-19/20. The tops ratio is (bigger to smaller, for the whole analysis) 586/248=2.363, a daily ration of ( first we have 41 days and on the second we have between 9 and 11 days, say 10) 41/10=4.1. Latter on, we have tops 2 and 3 on the first and so on the second trend. Followed by 2 failed tops, which only near the resistance.The 4th top which is the predecessor of the breakout is formed at .00000160 at 2017-12-04. The corresponding one is laying at .00000317 at 2018-03-12. The price ration from top 1 to top 4 / top 1 to top 4 is 673/268=2.511 and the duration ratio is 134/60=2.233(3).

Assumption: correlating homotetic trends with ratio of about negative 2.2-2.5 or the first is about 2.2-2.5 times larger than the second. Thus, we will expect twice as little up move. The first one begins at .00000125 and ends at .00000833 which is a gain of 708 pips. Now, we should expect a gain of about 283 to 322 pips or price levels between 526 and 565.

Let's see what happens. Good luck everyone and thanks for reading.

*DISCLAIMER: THE SIGNALS ARE FOR EDUCATIONAL PURPOSES ONLY*