Update from my previous posts following BTC path through this consolidation period: - the most likely zone that the markov transition states pointed to has been the exact area where this has traded - BTCUSD now needs to decide on the next state - the yellow shaded rectangle is the most probable where this will trade from here - has 2 previous resistance...
This is an update for my markov analysis of BTCUSD (2 updates preceeded this which are linked as related ideas and describe the concept and methodology). I will keep this one simple and you can refer to the previous ideas for details. BTC has been following this pretty nicely and any anomalous leaps over 1 transition state in a truncated period have been punished...
This worked out scary well... I'd need a bigger sampe to confirm the method is consistent, but examine the following dynamics of the BTC movement through this "matrix" built around the initial symmetrical channel: - 31616.3 was my target last week when it was 28k merely because that level marked the upper bound (top point of local diamond) of the next most...