I've always wanted to do simple, easy cryptoanalysis which is understandable for common folk without all those boring and difficult triangles and the other sh*t.
Today I'm starting Cryptoanalysis without triangles!
To make this familiar to all of you, I'm using a cat for cryptoanalysis. The cat was not harmed in the process, as it was only downloaded from Pixabay.
Now to the analysis!
As we can see, the BTC price has been going up like the cats butt. First it was low as the tail, but has grown to somewhat steady status. Now we can assume that it will start going down as the cat is ending OR with good luck, the cat will stand up and as the head rises, so will BTC prices.
Now it's all depending on the cat's head.
If the cat takes his head up, try to pinpoint the correct situation on when the BTC price rises up to the cat's ear. The cat's ears are the highest point on the head and it will rapidly rise and drop at the so called ear point which is crucial in crypto trading.
Please be tuned again for the possible future episodes of Cryptoanalysis without triangles!
All the cats were obtained from Pixabay
Hahaha that is awesome thank you for making my day a lot better haha
$rewarding 50%
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The reward of this comment goes 100 % to the author apsu. This is done by setting the beneficiaries of this comment to 100 %.
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Thanks and you're welcome :)
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by bringing a natural method of desering graphs takes it to the next level . Nature is all around us and being it is the glue that holds everything together .
This new method is deserving of a Politzer nomination
Sry for cutting this short , I lost power twice while commenting here :)
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Sometimes I wish I could use a snake for this, but not all would be happy about this.
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LOL 🐍
The red lines drawn are to support a conclusion instead of determining one . Its all BS and people just flock to it
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Now THIS, I understand! Lol!! Great analysis!! God knows the crypto markets are about as fickle as cats too! Lol
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Luckily so far cryptocurrencies are unable to push a cup down from the table..
But who knows what the future brings!
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Lol
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Thank you so much for considering us simple folk in your technical analysis. I hope that the cat stands, otherwise I might be selling BTC at a loss. I'm not sure what would be better in this scenario, sell in the event that the cat is ending, or HODL incase it stands up.
Your chart speaks to me. Thank you for your excellent TA @apsu!~
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You're welcome. As said, we cannot predict what the cat will do so we can just hope for the best.
Luckily the cat always lands on it's feet. Always. It licks it's own butt too though, not sure how it will affect the price.
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Is the butt licking similar to a death cross? If it is, the price could either go up—or down. However, it does look like we're nearing the top of one of the ears as we speak.
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"Is the butt licking similar to a death cross?"
Now here's a question I don't hear every day.
I'd say no. It's more fun than that. I don't even know what a death cross is.
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Butt licking is probably more fun xDD BTC is going up, seems to me that you were correct in your analysis ^_^
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The "ear point" pattern is perhaps more widely known as the inverse head-and-shoulders, which is of no consequence whatsoever as technical analysis is complete horse-shite.
The ears are triangles, though, albeit slightly rounded ones. So you're still using triangles. You're a fraud!
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Well my inner engineer wants to point out, that a rounded triangle is no triangle but might be somewhat similar of form. Just like round square is not a square.
That saved me at the point I noticed the resemblance of the triangles and the ears. I tried to pick a cat with more "sail" shaped ears, so nobody would see how they look a bit like triangles..
But I should have known someone notices. This is the end of my career.
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What if the ears go flat or the cat turns his head to the right? Oh NO!
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Oh my, I didn't even remember that's possible. The cat might end without us reaching the ear point!
This will be the end of us. Luckily I don't own any BTC.
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Hehe. You know I never have. Even the couple times I cashed out was with ETH or LTC.
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Does that gap between the chart and the cat's butt depict the price being in the infamous "cat fart" situation?
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Cats are like women, they never fart.
The cat just got scared of a really big dog and it's fur "stood up" to a similar shape. It's calmed down since though, as the dog left.
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That is gold!! Love it!
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No it's not gold, it's a cat.
;)
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cat facts?
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fat cacts?
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This science is solid!!! Now if we could just get these cat teachings into all aspects of society... Outer Space here we come!!!
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