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Bitcoin's Power Curve
Chaos Clinic for 1/22/2021
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This chart of the New York Stock Exchange Bit Coin Index shows the power curve in bitcoin.
It looks set up for a collapse. To quote Joe Granville, creator of the "On Balance Volume" concept,
"There is no nice way to come off of a power curve."
In my researchI have found several mathematical models that help find the end of power curves.
Overlaid on the chart is one of those models called Fib Growth. A unique feature of this overlay is that
it has a horizontal axis labeled in degrees. This treats the growth curve as a cycle.
The 0-180 degree part is relatively flat, then the 180-360 part is the obvious rally part.
The cycle in this case is approximately ten months long, beginning on 3/16/2020. Interestingly,
this power curve has 7 moves as in a Chaos Clamshell. The first 5 moves were swings of 60 degrees,
turning at 0, 60, 120, 180, 240, and 300 degrees. This is the 6th harmonic. But move 6 turned
at 315 degrees, just a 15 degree swing, on the 24th harmonic. This was frequency quadrupling.
Frequency doubling is a precursor to chaos, and here it happened twice, for extreme chaos.
Interestingly, the power curve base is 10000, from which price quadrupled.
Frequency doubling and other properties of chaotic systems are discussed in my Cash In On Chaos course.
For more on that course and other courses see
Moneytide.com
1/22/2021 1:56:41 PM MT Al****:: push failed - have a good weekend
1/22/2021 1:42:54 PM MT Al****:: Flash Boys pushing for Pivot
1/22/2021 1:38:36 PM MT Al****:: but I don't blame you for aborting quickly
1/22/2021 1:28:56 PM MT Al****:: fractal grid up still holding
1/22/2021 1:12:17 PM MT qq:: Stopped out with tiny lose.
1/22/2021 1:01:42 PM MT qq:: Buying into the close. Feel it's my lucky day from earlier profit + someone turned in my lost billfold a while ago!
1/22/2021 12:27:16 PM MT Al****:: looks like hold up to close-I'm going to call it a day-thanks for coming-see you next week-take some courses
1/22/2021 11:42:10 AM MT Al****:: we now have a 1-2-3-4 now in move 5 of an up Chaos Clamshell
1/22/2021 11:38:09 AM MT Al****:: note on the Secret->esNat360 chart that the low came on the dark red vertical line and there the yellow cycle turned up
1/22/2021 11:25:14 AM MT Al****:: looks like the Flash Boy computers bought S1
1/22/2021 11:16:07 AM MT Al****:: I'm also noting that today's pattern is a 1-2-3-now in 4
1/22/2021 11:14:44 AM MT Al****:: that course identifies a "sleeper buy point in the middle of a fractal
we are approaching one now
at these points the EXMAs may give false signals, so I wait to see
how prices come out of the MoonTide trade time
1/22/2021 11:03:21 AM MT Al****:: If you have taken the Chaos Trading Made Easy course, put a fractal grid overly on today's portion of the 3rd chart on the SPKISS page
1/22/2021 10:24:17 AM MT Al****:: note on 3rd chart on the SPKISS page that the white 440 minute
exma has turned up
1/22/2021 10:16:35 AM MT Al****:: I have posted a Fractal Of Pi chart in the Certified Chaos Trader's chat room
1/22/2021 9:09:14 AM MT Al****:: and note on the 4th chart on SPKISS that support was on the S2/S3 pivot levels
1/22/2021 9:06:34 AM MT Al****:: note on the next to the last chart on the SPKISS page that price bounced off of the 6 day EXMA
I think that EXMA is the "mean" that hedge funds use in their "reversion to the mean" algos
1/22/2021 8:59:05 AM MT Al****:: well done qq
1/22/2021 8:56:12 AM MT qq:: Stopped out of remaining puts. Time to celebrate.
1/22/2021 8:49:30 AM MT qq:: Stopped out 1/2 remaining puts at 2X+ profit. Sometimes I win praise the Lord.
1/22/2021 8:36:30 AM MT Al****:: doing ok so far BBB, and may you have a great and safe year
1/22/2021 8:15:25 AM MT qq:: And backing off resistance
1/22/2021 8:14:29 AM MT qq:: 50% Retrace
1/22/2021 8:08:49 AM MT qq:: Also dotted yellow Daniel
1/22/2021 8:07:45 AM MT qq:: To me the yellow horizontal on ES360 looks like resistance
1/22/2021 7:58:27 AM MT bbb****:: GM all, Dr. Al, hope the New Year is treating you right.
1/22/2021 7:54:58 AM MT Al****:: this is an example of "gap down rally to 11:00" tendency
see the 3rd chart on the SPKISS page
1/22/2021 7:53:07 AM MT Al****:: nice qq:
1/22/2021 7:50:55 AM MT qq:: Sold half my puts for 2X profit. Waiting on thest rest.
1/22/2021 7:42:50 AM MT qq:: So far following tide first chart SPKISS
1/22/2021 7:15:04 AM MT Al****:: Good Morning visitors. Welcome to the Chaos Clinic.
The written Chaos Clinic is on the AUX page.
This site has a lot of charts,
so you may find it useful to have several of them available within your
browser. If you have a tabbed browser, you can open separate charts
in separate tabs by right clicking on any link, and selecting "open in new tab"
from the menu. The main list of site pages is at
http://daytradingforecasts.com/chartlistsec.asp
Recommended pages to watch are SPKISS, MTRainbow, and Chat.
For astro stuff, add SPSunMoon, Wheel, and Chaos Clinic.
A special set of Dr. Al's research charts are on the Secret page.
Comments in the chat room are announced by a
"duck call" noise. This noise also occurs when the sofware detects a
resonant hex pattern on the Wheel page. MoonTide trading tutorials
are on the right side of the ListOfCharts page. One should
read Trading the MoonTide Tutorial and Keep it Simple as a minimum.
Many subcribers do not strictly trade the MoonTides, but use the charts on this
site as input to their own trading strategies. For example, the bottom chart on the
SPKiss page is good starting point for swing traders.
Also on this site is the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
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