BTC Fractals. - page 2. | Bitcointalksearch.org

tspacepilot

legendary

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I may write code in exchange for bitcoins.

Quote from: ?? on ??

Everything in nature is fractal, from leaves on a tree to the clouds in the sky. The Bitcoin market is part of nature, it is controlled by a mass of human beings and is organic in nature. It is no surprise it has fractal qualities. However these fractals probably aren't very good for accurate predictions.

However, there have been 3 big pump and dumps for Bitcoin, these are also likely fractal in nature, and are a good prediction there will be more large pump and dumps in the future http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-past-and-future-of-bitcoins-price/

Can you say a bit more about these pump-n-dumps? I'm into the fractal thing (the main topic of this thread), but as a side note, who's been doing the pumping?

chessnut

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Quote from: gogxmagog on May 12, 2014, 06:26:51 PM

fractals work with an element of randomness as well, do they not? Chaos theory and all that? I'm waaaaay out of my depth here, but the loose understanding I have of fractal science suggests that they are not useful as indicators of future movements, i.e. they may go up, down or sideways, depending on a myriad of external factors. (?)

jeez, this EROWID science stuff...I'm just digging myself deeper (derper)

it's all about the market conditions. on a quiet day when nothing is fundamentally changing the free market can be effectively random, yet also retrospectively move in fractals. But, for example after an important news release a lot of people may panic sell. this will cause a wave that has natural limits. when the wave is complete, it will have formed a complete fractal system. using fractals we can pinpoint a high confidence entry. The best real example of this is the 339 low, It gave a very impressive entry using EW analysis. I got on at 355 as soon as I realised.

I do tend to disagree that the market is random. Global Liquid markets inevitably cause wave action. just like global weather systems. the waves that roll up onto the beach are always regular wavelength and consistent amplitude, yet they are the harmonic result of uncountable random events at sea.

gogxmagog

legendary

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Ad maiora!

fractals work with an element of randomness as well, do they not? Chaos theory and all that? I'm waaaaay out of my depth here, but the loose understanding I have of fractal science suggests that they are not useful as indicators of future movements, i.e. they may go up, down or sideways, depending on a myriad of external factors. (?)

jeez, this EROWID science stuff...I'm just digging myself deeper (derper)

cbeast

donator

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Let's talk governance, lipstick, and pigs.

bitcoinsrus

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Quote from: JustAnotherSheep on May 11, 2014, 11:46:47 PM

Quote from: chessnut on May 10, 2014, 12:25:35 AM

that is bullish. today, the sentiment is turning slightly more bullish, but this is not a sufficient contrary indicator because we are not near a bullish extreme. in this case, it is a good thing - people are realising that this is not the apocalypse.

I would argue for the contrary, that this is not bullish but possibly even bearish, as the general herd of people need to feel that this is, in fact, the apocalypse before a true bottom can be reached.

In other words we need far more hodlers to pull a Veronica Cheesy

JustAnotherSheep

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Quote from: chessnut on May 10, 2014, 12:25:35 AM

that is bullish. today, the sentiment is turning slightly more bullish, but this is not a sufficient contrary indicator because we are not near a bullish extreme. in this case, it is a good thing - people are realising that this is not the apocalypse.

I would argue for the contrary, that this is not bullish but possibly even bearish, as the general herd of people need to feel that this is, in fact, the apocalypse before a true bottom can be reached.

In other words we need far more hodlers to pull a Veronica Cheesy

Alonzo Ewing

legendary

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Looks like fractal pattern might be holding after all, but with a variation. If so, a near-term might be happening in the next day or two.

RyNinDaCleM

legendary

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Legen -wait for it- dary

It's not exact, but it is very close. It's a bit smaller in scale, so it may not challenge the $339 low, but this could play out.

Oh, and the counting is not for EW purposes. It's just to show the similarities.

Edit:
For the sake of argument, 13 waves is impulsive. 11 is not

chessnut

legendary

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Quote from: gogxmagog on May 10, 2014, 12:32:58 AM

I would also like to see same type of charting applied to internet adoption. I'm fascinated but I'll silent now and let the people who know what they're talking about speak.

Good work bro

cheers, no problem.
I'd like to see a complete chart of the internet but I dont think there is one chart that represents the internet as charts may represent bitcoin. There's RyNinDaClem, authority on EW around here. that graph is a better illustration of fractals than bitcoin has to provide, but nice to compare the two.

RyNinDaCleM

legendary

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Legen -wait for it- dary

For every wave marked 1, 3,or 5, there are 5 smaller waves making it up. For each of those 1, 3, and 5, there are 5 smaller waves making it up. etc...etc...etc

gogxmagog

legendary

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Ad maiora!

I would also like to see same type of charting applied to internet adoption. I'm fascinated but I'll silent now and let the people who know what they're talking about speak.

Good work bro

chessnut

legendary

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Quote from: gogxmagog on May 10, 2014, 12:05:07 AM

Edit- oddly enough, just before I saw your thread, I was just remarking that the (general) mood (sentiment)across bitcointalk has noticeably taken a turn towards more positive compared to the gloom of the last couple weeks. Bullish?

sentiment works like this - imagine everyone who is subject to craze buys the item subject to craze. At the point where the maximum amount of those people have bought, the price will be pushed up very high because of the demand they cause. However, having just bought that thing you are likely convinced for some reason or another that it will increase further in value. so when a price of something is at an extreme, an ATH, and a LOT of people are very bullish, that means that most demand is already expressed, and the slightest of supply to that market will cripple it (it will crash).
we are at a bottom extreme, and imo most people still think they are in for some 'cheap coins'. that is bullish. today, the sentiment is turning slightly more bullish, but this is not a sufficient contrary indicator because we are not near a bullish extreme. in this case, it is a good thing - people are realising that this is not the apocalypse.

gogxmagog

legendary

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Ad maiora!

Ok, I vaguely get it, I think...
The charts would make more sense with a detailed legend.
I'm no math.

Intriguing enough for me to do some independant research though.

Thanks for this

Edit- oddly enough, just before I saw your thread, I was just remarking that the (general) mood (sentiment)across bitcointalk has noticeably taken a turn towards more positive compared to the gloom of the last couple weeks. Bullish?

chessnut

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Quote from: gogxmagog on May 09, 2014, 11:46:57 PM

Could you use this for prediction? My caveman brain sees it always going down (smaller price)
The most I know about fractals is stuff stoned hippies have told me at raves.
It's like the golden mean in art design isn't it? Of course, that would mean everything is constantly being reduced?
Trippy none the less.

I posted a second chart. did you see that one? very significant.

basically fractals are self similar, not identical. Of coarse we cannot see the future 100% using patterns on charts, this is just the way that natural forces resolve in a liquid market, in fractals. the most important thing about EW analysis/fractals are the junctures they offer. if you can identify an exact point of price/time where your expectations will be met/broken, then your trades will have a very high risk reward ratio, and you will be able to handle the stress of trading more mechanically. when the junctures are obviously related to fundamental events and panic sell offs etc, these junctures have fundamental significance, and should indicate reversals where they are seen. 339 is a prime example of an large impulsive wave terminating after panic selling. I bought at 355 when I saw this, not knowing what the future would bring, but simply knowing that the panic was over.

gogxmagog

legendary

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Ad maiora!

Could you use this for prediction? My caveman brain sees it always going down (smaller price)
The most I know about fractals is stuff stoned hippies have told me at raves.
It's like the golden mean in art design isn't it? Of course, that would mean everything is constantly being reduced?
Trippy none the less.

chessnut

legendary

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Quote from: Alonzo Ewing on May 09, 2014, 08:32:20 PM

To me it looks like the current action does not match the previously repeating fractal pattern. If I had to guess, the underlying action of the market is changing into a new one.

yep in EW every fractal begins and ends a possible juncture. it's an opportunity for a previous or smaller fractal/s to express themselves in alternation creating only self similar properties.

Alonzo Ewing

legendary

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To me it looks like the current action does not match the previously repeating fractal pattern. If I had to guess, the underlying action of the market is changing into a new one.

chessnut

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Quote from: Krabby on May 01, 2014, 11:56:52 PM

Why would this happen?

It is an EW discussion not a FA, but the fundamentals are always merky none he less. plenty of factors that could drive bitcoin higher, and lower.

Krabby

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https://primedao.eth.link/#/

Why would this happen?

chessnut

legendary

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but it gets even bigger than that.

Topic: BTC Fractals. - page 2. (Read 4749 times)