ETCUSDT : FOR PLANCTON0618 WITH LOVE : Here's your long entry!In response to a comment on a previous post by @plancton0618 , I've been following ETC, hoping to add a little happy to at least one person's day.
Well, the time has come. It's maybe less obvious on the 15min chart, but what you're looking at is the very bottom of the previous bearish trend and the completion of a double bottom on the 1Day timescale. Remember, chart patterns are fractal, so conforming to this rule, it has to complete the same reversal pattern, ie. the Double-Bottom, on all timescales. It created the first leg a few days ago and is currently at the business end of completing the second leg (clearly visible on the 1D chart), after which it will be free to return to the glorious days of its all-time-high (ATH), at ~$180.00.
Buying at current levels in spot will see your investment reach a realistic profit of around 9x.
This would be the "investor" option and much less exciting than what I'd prefer to do.
Because of the reliable reversal pattern, it is, in my opinion, the ideal time to open a leveraged position, as it's about as safe as one can expect to get trading crypto.
Doing so has additional benefits that spot trading cannot match, even a 1:1 leveraged position (equal to spot, ie. NO RISK OF LIQUIDATION), you will have the opportunity later to modify the leverage and use position profit or margin freed by each higher multiple you choose to adjust your leverage to, to re-invest and scale your position incrementally as the price moves away from the entry level and in the desired direction, reducing your risk profile as it advances. This has profound implications if done correctly, since this is a perpetual position, you are contractually entitled to hold onto (keep it open) or sell (close) the position at your leisure. Sure, this sounds unimportant and you might wonder why I'm mentioning it.
Here's why. Buying crypto in the spot market is not only limiting in terms of the profit always being at 1:1, but additionally, you will never have the option to use your profit to "buy more" of the same coin, because selling it will leave you no different in terms of the number of units/coins purchased when it was cheap. Sure, you will have made a profit, but only relative to the original Dollar value, not relevant to the purchased instrument, meaning that you would have to wait for whatever coin you purchased (ETC in this case), to drop before you can realize your gains by then buying more at a lower price. But wait, there's more..
Trading crypto in spot means that you can only affect a direct profit in the upwards/bullish direction, since you cannot short in that market. Trading futures, even at 1:1 allows you the same Zero-Risk guarantee of safety, but with 100% more opportunity for trade. This really begs the question, why do people still trade spot? Ignorance, would be my best guess. Most people prefer to "think" on other things, or talk about some newly hyped project, in stead of really Thinking for themselves. I'd have preferred a very different opinion on the matter, but in the end, it's not up to me, is it?
If I were wrong, I'd have expected to hear about or see someone mention this strategy somewhere at least once in the past 7/8 years, but I haven't. Not that I really read articles or frequent chat groups anymore. Nonetheless.
I got into this wanting to prove or disprove the existence of a universal theory or formula that would hold true and be reliably applicable to any coin.
The idea being that if such a pattern existed and could be identified, it would, in theory, be the Holy Grail of trading. The "Secret". The thing we all wish for when we're kids, and wish for even more as disappointed adults.
I very much doubt anyone is reading this, and honestly, I don't care either way.. I got a warning from TV that I'm not being descriptive enough in my posts, so, feeling either inspired or spiteful, I'm unburdening myself of some thoughts.
What I mean to say, is, that my quest has concluded, and unexpectedly, I believe that I have discovered that secret pattern. In fact, I have and am able to prove it without much effort.
It's present in many of my posts. And it's the most beautifully elegant picture of simplicity I've ever seen. Hiding in plain sight. Undeniable once you see it.
If market/price movement were indeed "Random", an easily identifiable, reliable, frequently repeating, consistently rule-abiding pattern would not exist. I hoped that it did, but to be fair, it was a tall ask. Nobody has been able to prove anything resembling, even remotely, such a pattern. I took a different approach and it yielded results.
All one would need are three consistent markers. Identify the first and the second can be predicted. Confirm the second and the third is very nearly assured.
I don't claim to be able to anticipate every chart ALL the time, but once you know what to look for and you realize how it sticks to the rules, you're able to trade with confidence.
Note the impressive level of precision for the 3 dots in the following charts. They hit the same targets with almost perfect precision.
There are many additional implications of what I've learned that offer a compelling alternative to conventional market theory and because I've based my method on factual evidence, it cannot be dismissed when it opposes baseless claims that have been absorbed into what is today considered as Technical Analysis. When I look at the Ideas page on TV, what I see is a cluttered, epilepsy-inducing mess for the most part. Contrast that with what you're about to see and consider the self-explanatory clarity in my charts.
* More on the methodology later, to the first serious party that reaches out with intent.
Bullish:
* On the 1Day timescale:
Bearish:
TheMethod Unique Features:
• Most importantly, it's predictive, not retrospective.
• Higher degree of accuracy than any previous techniques, tools, strategies or methods
• Is supported by a logic-based framework of rules that form a clear Methodology
• Developed using a simple Question : Answer research structure, focusing on "Why"
• Identifies both entry and exit levels for Ranging and Trending targets
• Uses only the Fib Retracement tool
• Applicable on all timescales
• Applicable to all coins
• Uses no indicators
• Uses only one reversal pattern : Double Top/Bottom
• Accuracy enables confident trading at high margins
• User friendly at any experience level
Disproves and debunks conventional market theory promoted ideas including:
• Volume
• News and events
• Market manipulation
• Whales
• Bitcoin dominance
• Market cap
• Whitepapers
• Elliot Theory
• Head-and-shoulders
• Impact of world events
With a little practice and some usage instructions (which I will write down as soon as I stop procrastinating), I'm confident anyone, at any skill level will be able to successfully apply to achieve profitable trades. I'm not a very patient person, so I'm prone to dabbling in the minute charts, trying to do what nobody has successfully done before, so, admittedly, I appear to be wrong pretty often. Thankfully, I know that most of you are more patient and will be able to quit fidgeting with it and give it time.
If you're still reading this, and interested in what I'm blabbing on about, do get in touch.
My efforts have seen me become somewhat of a recluse and the absence / disinterest in social media and networking has not helped in terms of reaching the right people in order to move the project forward. Building a social following in order to build credibility so that I can Then be in a position to share something that has the potential to benefit everyone indefinitely, On-Top-Of having put everything into bootstrapping the research & discovery stage on my own steam, seems like too much to ask for.. I can't think of a valid reason other than recognition and credit, and I'm not motivated by either.
I would, however, like to officialize my theories by having them tested properly by independent researchers and also to collect what's in my head into an easily digestible publication.
Just finding myself in a bit of a lull currently, so I'm open to chatting with qualified potential partners to make this happen.
For obvious reasons, I've decided to not yet publish the methodology in its entirety. I worked my cute little bottom off doing this and would like to be appropriately compensated, which I don't think is too much to reasonably expect.
I'd be happy to impart what I've learned and offer time-based exclusivity to the right candidate.
To someone with access to a decent trading balance and some room to take big swings, I can promise this, there's no limitation or ceiling to how much you will be able to grow your wealth.
Have been wondering where or how to look for said partner and didn't intend for it to be this post..
Guess it's as good a place as any.
