Illusion of the Martian face – for chartists!
Many years ago the Viking exploration of Mars found first signs of extraterrestrial life while orbiting the planet and taking pictures!
Years later, with a different position of the sun and a greater resolution of the camera, the human face seemed to have almost vanished. Or had the alien just grown old?
No, humans are pattern matching machines. We see faces where there are none, and trends and other chart patterns where there is only chaos.
That’s why you need the Trend Sigma system.
Bitcoin shows resilience despite all regulatory crackdown threats. See the bitcoin weekly and 2-hour chart. Note that the jump in the intraday chart was partly ignited by the news that Amazon would accept crypto payments in a few month or a year. The news was denied one day later by Amazon saying that they are […] -- read more
The current state of cryptocurrencies is ambiguous. Coming from a high of about $65,000, bitcoin (weekly chart of the last 3 years below) has fallen by 50%. Before that it made an advance of 100,000,000% in about 10 years. Really! That’s no mistake. One dollar would have become one million dollars in ten years. Weighing […] -- read more
Bitcoin: Stock market correlation or restarting hype?
Bitcoin shot up impressively to pre-corona levels. Is the hype back now? Two weeks after the stock market started to react to the corona virus, correlation between stock and crypto markets suddenly increased and bitcoin experienced a dramatic crash. The safe haven status that bitcoin enthusiasts liked to proclaim got severely shattered. A free fall […] -- read more|
Three trend traders and their systems. All are interesting, two are ancient, and one is ... |
Based on the legends Darvas and Livermore
