Brad Cowan wrote a number of outrageously complex and mind-blowing books. His first was focused on (among other things) the use of what he called PTV (Price/Time Value). Essentially the PTV was a measure of distance, using time and price to form a triangle with the PTV as the length of the 3rd side (hypotenuse) of the triangle.
He also wrote a book in which he focused on time as having a pentagonal character, which means that it is related in some manner to 72 degrees.
I am not smart enough to understand even a small fraction of Cowan’s ideas, but I took a few minutes to explore the BTC chart with these two ideas in mind. I found something which could prove “interesting”.
Look at the chart below. Note that each of the lines starts from a pivot in time, and ends on a common spot in price time.
The time is tomorrow morning ~ 6am (China time, GMT +8). The price is at sq9 s/r of 8277.
The picture above is to give an eagle eye view of what I’m talking about. The following picture gives a close-up of the time and price, on a 60 minute chart.
So here is where it gets interesting. I calculated the PTV for each of these lines, and divided the lengths into 36, 72, 108 and 144. These are actually all multiples of 36 (1/10 of a circle).
Look at the results below and note that virtually all of them are with in striking distance of either being exact multiple (within 0.2), or is at the halfway point (0.5).
The yellow cells are within 0.2, and the pink are at exactly 0.5. Note that the lines are not “precisely” ending at the same spot. But they are close using the eye. I point that out because it means it is possible that the TRUE values are even more astonishing than they appear below.
So, this belongs in the “things that make me go hhhmmm….” category. If by some amazing “coincidence” that point in pricetime becomes a pivot, we will have reason to investigate further.
When we look at the lines on the chart, which mathematics says are equal, they often look not at all equal. Why? Because the chart is not scaled: 1 unit of price = 1 unit of time. If it were, we would see equality.
We are so accustomed to looking at scaled charts we don’t think about it, but 1:1 would mean BTC at 20k would need to be plotted over 20k days. It would like almost a horizontal line. Look at this pic from a ‘hall of mirrors’:
This is what we deliberately do to our charts so we can better read them. But it makes equal lines look quite unequal.
So now, consider this picture
Those 2 lines are the same length, believe it or not. They look quite different, because the only difference we can perceive is the time difference. But in fact there is a small price difference as well. The 2nd line looks longer because the price difference, at a 21:1 scale is imperceptible. But it is nevertheless real and qualitative. Hence a ‘double top’ at that 2nd top would in fact create an isosceles triangle of equal sides. Perfect geometry, if it happens.