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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.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 to map this pattern to define a new and very important predictive trading pattern.Unlike the tried-and-tested trader patterns such as the double top, head and shoulders, cup and handle, and not to mention the most revered in crypto-land… the wedge pattern… today we unveil to the world an all new bitcoin-specific macroscopic trading pattern… the three cats and a moon pattern.The long range bitcoin price chart below shows this fractal pattern at work: A and B shows the pattern playing out in a bear trend, while C and D shows it playing out in a bull market.They may look different, but they are actually the same, skewed onto a bullish or bearish trend line.The signalling to watch for is one cat and two kittens that follow on from a pump and dump.
Here's the pattern match below.We found that focusing your attention and listening for the meows of distressed kittens helps.We must reiterate the time to use this pattern is after a bitcoin bubble has been sufficient to kick in irrational trader exuberance, followed by a confirmation signal of a steep price correction.Since the reader does not have the advantage of our brain signaling apparatus, we have a sketch below to help find you find this telltale signature in the crypto-trading room.Finally, the sharp readers here may have noticed we do in fact have a new three cats and a moon signal confirmation.Our research team will leave you with the cheat sheet below: This piece is not intended to provide, and should not be taken as, investment advice.Visit Woo's blog to read more cryptocurrency markets coverage.Images via Willy Woo for CoinDesk The leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles.
For more details on how you can submit an opinion or analysis article, view our Editorial Collaboration Guide or email [email protected]/* */.bitcoin withdrawal cardCAT/BTC - CatCoin / Bitcoin 10-days charts and orderbook from Coined Up Last Price: 0.0100400 mBTC Last Price on best market: 0.0024700 mBTC Profit / Loss 24h: -2.37 % Volume 24h: 0.0000000 mBTC Volume 24h on all markets: 0.1500000 BTC Period chart Hide price spikes: - 0 + Area Chart Candlestick Chart Median PriceVolumeEMA20 Chart Options: Cryptopia Bittrex CoinEX Cryptsy Coined Up All time 1 year YTD (Year to date) 6 months 3 months 1 month 10 days 5 days 2 days today Orderbook Impress / Contact / Disclaimer - API Status - BitcoinTalk Thread - LitecoinTalk Thread Feedback Give me your ideas!bitcoin foundation club
Do you have any feedback or suggestions for improving the website and the usability?Please write me an email toDoes your cat say "meow" too often?Ask if she wants some bitcoins.Bitcoin is on the rise these days, so no wonder your cat can't sleep at night and surfs through bitcoin-related media.As we know, cats are not allowed to have a bank account, so cryptocurrencies may look like a silver bullet for them.bitcoin på svenskaI bet you don't want your little ball of fur to face dangers of the modern financial world.bitcoin 24 sataThat's why I compiled this guide, so you can explain him the basics of bitcoin right from the beginning.bitcoin pool volumeFirst of all, Bitcoins do not exist in a physical sense.dogecoin to bitcoin exchange
It is money for the 21st century designed to be found and spent online.The word "Crypto" in the name refers to the encryption, which system uses to provide secure and safe transactions between users and to establish the required level of trust.The system is decentralised, which means no one, but the network of users control the flow of funds.comprar bitcoin mercado libreThe level of trust required is guaranteed by the blockchain technology, which ensures the transaction and the person on the other side are valid.bigest litecoin poolConfirmations are provided by other users called "miners" who generate a small amount of BTC as a bounty.ebay bitcoin alternativeEach time a miner's machine solves a mathematical equation, a pool of transaction is processed and confirmed.
Resulting solutions from a bitcoin basis - the ledger, which is a huge log of all operations processed by the network.The total amount of bitcoins is capped by 21 million coins, which expected to be mined in the next decade.The very important thing your cat needs to operate with bitcoins, is a wallet.The wallet is a user interface, which is connected to the network and able to collect and represent the data related to your balance and transactions.The Ledger data transforms into the numbers that you see on your screen.There are three types of bitcoin wallets: It's time to compare web-based to software products and make a conscious choice of which one to use.As always, a big amount of possible flaws and cons is involved, so make sure your cat understands them all.Then let him find a reliable bitcoin wallet provider by using the guide.Remember, since bitcoins are digital only, the security is the key to the safety of finance.You (or your cat) can also enhance the wallet security by following this simple instructions.
Shopping with BTC isn't always easy, because even though a lot of merchants now accept it, many still don't.Bitcoin debit card can be useful here to quickly exchange funds and spent fiat currencies instead.The second big thing your cat should learn is how to exchange fiat currencies to BTC.Cats are in a great danger in this area, since a lot of scamming or suspicious services are involved.The best way to find a reliable exchange is using Butty Bot: specify the country and choose from the list of exchangers.The biggest flaw of exchanges is increased rates and fees, so you need to check if your wallet provider already has his own exchange service to find more affordable rates and possibly escape fees.If you're lucky to be our client, you can load the account by the direct bank deposit and then exchange fiat currencies to BTC for further shopping.You and your cat can be surprised by the bitcoin rates fluctuations - it can grow or fall by 10% in just a few hours.Bitcoin isn't controlled by anyone, but users tend to accuse services in influencing the prices.
We've researched who really affect the price, so follow the link to learn more info on the matter.Once all preparations are done and your cat has some BTC, it's time to purchase something.Although bitcoins are designed for online shopping, they can also be spent offline if you have a debit card or able to sent BTC directly to the merchant's wallet.Try finding some shops around with Coinmap or use Coin Radar to find ATMs around the world and withdraw BTC from your card as a fiat currencies.We also baked an Ultimate Bitcoin Traveller Guide to help you and your cat to prepare a trip using BTC only.You may want to also check it out to avoid landmines.Although bitcoin sometimes considered as money for criminals, there are a lot of legit merchants who accepts bitcoins on daily basis.Make your own research and don't let the gossips make a fool of your cat!Now, your cat is fully equipped to start it's own new cryptocurrency life and also aware of some specific details on bitcoin.Use links from this article to find more information about each step and don't hesitate to share your questions about the cryptocurrency world in the comment section below.