Here I take two previous, patterned moves from 2017 and fit to current structure (fractal around June 2017). This gives me the ability to approximate its growth or decline over the next year. I then use these two situations to plot a general trajectory (dotted line). Finally, I estimate the curve for the 21 week moving average. I foresee the possibility of a drop...
I am a passionate Long Term BTC trader. Even though day trading is a way faster way to make passive income, if you believe in one project, you are going to stay in it for the long run anyway. This is why I like focusing on Bitcoin's long term potential and invest in it to contribute to an idea I want to support. However, sometimes we must zoom out of the little...
We may have a distinct pattern to the bear trend we currently on. Price should fall just a tad bit more, but after that we should be getting a slow crawl upwards mirroring something of the likes of 2018's price movement! If we do indeed bounce after falling a little bit that should give us a clear picture of how S&P 500 is gonna act in the next few years.
BTC facing resistance line since mid July 2017
AT this aspect of the analysis will be straight forward because at this point, after studying the long-term trend (5-yr), we discerned that the price was trending up. After looking at the 1-yr chart my conviction hasn't been swayed although the price's trend is heading into a resistance cloud and 31.8% resistance level I feel there's enough momentum to break...