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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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Lou Weed
To: ItsAllCyclical who wrote (25521)5/15/2021 6:06:55 PM
From: ajtj991 Recommendation   of 96658
 
I think ETH may correct more than BTC because of the recent parabolic run up it had.

The pattern on the full stochs on the BTC weekly is not a compression pattern. With a true compression pattern, the origin of the pattern is always returned to, and the amplitude of each wave reduces as it plays forward until it breaks.

If the stochs started at the 80 level and drops to the 40 level, it should turn back up to the 80 level. The next drop should be maybe to the 55, then up to the 80, then to the 70, then back up to the 80, then it should break.
That's just an example. The numbers are not critical. It's the elegance of the pattern and how it progresses, if that makes sense.
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