3 Dead Cats And A Moon: A Guide to Bitcoin’s Price Consolidation

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Willy Woo is an entrepreneur, angel investor, derivatives trader and cryptocurrency enthusiast.

In this guest feature, Woo takes a tongue-in-cheek look at bitcoin’s historical market performance, ultimately proposing a bitcoin-specific macroscopic trading pattern he believes can predict the price.

Here at Woobull Labs, we take data driven analysis very seriously. Today, I’m pleased to present the culmination of four years of data gathering and analysis on bitcoin trader psychology.

The sketch above depicts the basic rig we used for our epic research.

The dataset includes readings over four years at 10 minute intervals (210,240 readings per subject). In total, we collected the psychological brainwave pattern of 100,000 of bitcoin traders – a staggering 210,240,000,000 data points – as they tapped away on their keyboards.

Yes, very epic.

After filtering the brainwaves for solely emotion signatures, we found a pattern emerged. There was a very predictable repeating fractal after each and every bitcoin ‘mooning’ (or peak).

Below is the emotional brainwave superposition of 100,000 traders.

Our scientists have privately coined this brainwave pattern “Soobmee” (Sudden Onset Of Bitcoin Mooning Exuberance).

Exhibits A-D were the strongest imprints we found in the dataset.

After many months of signal analysis, we were able

Read more ... source: CoinDesk

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