SEE the VALUE of the TRADE; NOT the PERCEIVED VALUE of a Coin-B
I've received CONSTRUCTIVE criticism from followers concerning too much text on the chart; making it difficult to read when scrunched up. So, this is my attempt to address that. If one believes I have still included too much text on chart, feel free to comment.
Composite Man STILL has many coins he accumulated since June 2014 to take profits from. Don’t be surprised if we have a pause at this breakout line to catch other traders unaware of the DOUBLE THROW BACK TO COME. The pause is effective at getting hopes up. He waits during the pause period for the BUY order books to build up again; then BAM… Another dump once again. He will pause each day DURING THE WEEK for the buy order books to fill to his liking before he dumps after each pause on the way down. This will cover the course of 3 to 21 days. It all depends on exactly how many coins he has and how often the buy order books fill to his liking.
I honestly do not believe this is being pumped solely because a bunch of traders see XMR’s value at higher levels than it is currently. I’ve LEARNED, one has to think of VALUE in terms of THE TRADE and NOT THE PRE CONCEIVED VALUE of a coin!
One has to TRY to put themselves in the shoes of the Composite Man so they can determine WHY things are playing out the way the are. The Composite Man is more concerned about the VALUE OF THE TRADE. NOT the perceived value of a coin. He is COUNTING on everyone else perceiving the value of a coin. He is COUNTING on greed to set into the hearts and minds of other traders.
It took 9 weeks to dump to here from the ATH. I said this to let people know he cannot dump all his coins at once. Otherwise, he’s NOT getting a premium on his coins. He will be patient to get a premium on his profits from his remaining coins from 2014. Just as he was patient to accumulate those coins since 2014. He has the patience to wait things out while trying everyone else’s patience and making them swet.
The Composite Man used LTC at its block halving in 2015 to accumulate more bitcoins. I believe the same will occur this go around with XMR and other coins in my opinion.
It's highly likely we have the following sequence of events:
1.) The completion of a DOUBLE BREAKOUT to approx. 0.019
2.) Followed by a DOUBLE THROW BACK to approx. 0.0109 or 0.0103
3.) Followed by a MARK UP to approx. 0.0148
4.) Followed by a long pause only to dump his remaining coins to approx. 0.0124
5.) Beging Accumulation once again to Wash, Rinse, Repeat.
Most every time we have a DOUBLE BREAKOUT, we have a DOUBLE THROWBACK. At least 80+ percent of the time in crypto. Could Monero be the exception? Time will tell…
We had a QUADRUPLE BREAKOUT (4 breakout lines crossed to the upside) that began on the weekly 08/22/2016 candle . It was followed by a QUADRUPLE THROWBACK (4 breakout lines crossed to the downside) .
I will follow up this publishing with further examples of DOUBLE BREAKOUTS; followed by DOUBLE THROWBACKS that usually result in a MARK UP before proceeding with another accumulation phase.
Happy Trading
David
Composite Man STILL has many coins he accumulated since June 2014 to take profits from. Don’t be surprised if we have a pause at this breakout line to catch other traders unaware of the DOUBLE THROW BACK TO COME. The pause is effective at getting hopes up. He waits during the pause period for the BUY order books to build up again; then BAM… Another dump once again. He will pause each day DURING THE WEEK for the buy order books to fill to his liking before he dumps after each pause on the way down. This will cover the course of 3 to 21 days. It all depends on exactly how many coins he has and how often the buy order books fill to his liking.
I honestly do not believe this is being pumped solely because a bunch of traders see XMR’s value at higher levels than it is currently. I’ve LEARNED, one has to think of VALUE in terms of THE TRADE and NOT THE PRE CONCEIVED VALUE of a coin!
One has to TRY to put themselves in the shoes of the Composite Man so they can determine WHY things are playing out the way the are. The Composite Man is more concerned about the VALUE OF THE TRADE. NOT the perceived value of a coin. He is COUNTING on everyone else perceiving the value of a coin. He is COUNTING on greed to set into the hearts and minds of other traders.
It took 9 weeks to dump to here from the ATH. I said this to let people know he cannot dump all his coins at once. Otherwise, he’s NOT getting a premium on his coins. He will be patient to get a premium on his profits from his remaining coins from 2014. Just as he was patient to accumulate those coins since 2014. He has the patience to wait things out while trying everyone else’s patience and making them swet.
The Composite Man used LTC at its block halving in 2015 to accumulate more bitcoins. I believe the same will occur this go around with XMR and other coins in my opinion.
It's highly likely we have the following sequence of events:
1.) The completion of a DOUBLE BREAKOUT to approx. 0.019
2.) Followed by a DOUBLE THROW BACK to approx. 0.0109 or 0.0103
3.) Followed by a MARK UP to approx. 0.0148
4.) Followed by a long pause only to dump his remaining coins to approx. 0.0124
5.) Beging Accumulation once again to Wash, Rinse, Repeat.
Most every time we have a DOUBLE BREAKOUT, we have a DOUBLE THROWBACK. At least 80+ percent of the time in crypto. Could Monero be the exception? Time will tell…
We had a QUADRUPLE BREAKOUT (4 breakout lines crossed to the upside) that began on the weekly 08/22/2016 candle . It was followed by a QUADRUPLE THROWBACK (4 breakout lines crossed to the downside) .
I will follow up this publishing with further examples of DOUBLE BREAKOUTS; followed by DOUBLE THROWBACKS that usually result in a MARK UP before proceeding with another accumulation phase.
Happy Trading
David
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I'm NOT deleting my notes on BTC here. However, this will be sufficient to prove my point. LOOK AT THE AQUA CIRCLES I drew on the chart. You will see TWO DOUBLE BREAKOUTS; followed by a DOUBLE THROWBACK.
IMPORTANT NOTE: BOTH WERE FOLLOWED BY A MARK UP.
IMPORTANT NOTE: BOTH WERE FOLLOWED BY A MARK UP.
