Another analysis, this time on the weekly chart and following the method of Dave-The-Wave who accurately predicted the last cycle top relying on parabolas. Instead of relying on indicators here, apart from the Pi Cycle Top Indicator, we can see there's a potential risk of 85k~ being the cycle top.
This model could be completely invalidated, as all models are wrong, some are useful.
Lets not get over our heads and buy into all the euphoric large numbers. we might see a large corrective wave at 85k before moving to higher peaks.
This model could be completely invalidated, as all models are wrong, some are useful.
Lets not get over our heads and buy into all the euphoric large numbers. we might see a large corrective wave at 85k before moving to higher peaks.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.