Stalking the microstructure of chaos
On occasions a trader may need to turn up the microscope and look deeply into the chaos. For what? A micro-fracture, a microtrend or a small bubble movement that is like the flap of a butterfly’s wings – from which evolves a hurricane. This is the nature of chaos.
The chart below shows a small rising wedge down to the 5 min time frame. ‘We’ don’t know what will happen next. Rising wedges on any time frame tend to create a probability of reversal. We don’t know how far such a reversal will go – and we don’t care! [Probability means a greater probability. I’ve seen rising wedges not reverse at all.]
Bitcoin: Investor, trader, gambler or idiot?
In the last few months we’ve received inquiries from several about Bitcoin and various similarRead More
Is Parabolic Mayhem ahead?
On Tradingview I’ve put up a Vlog about this which is embedded below. I sayRead More