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I included the Rsi to distinguish bitcoins cycles. We look at the weekly chart and separate the Rsi in 4 phases. The bull phase (green), the pre bear phase (purple), the late bear phase (red) and the pre bull phase( blue). The late bear phase correspond to the C- wave.
It seems that we are on the way to finish the third wave of the c wave ( ending diagonal). I don't expect bitcoin to go much lower then 2,8k in the next years.
While most trades look at a linearized theory like trend lines , triangles and channels it seems that in a bigger picture it is not linear at all. Here I interpolated the lows and highs of bitcoins 3 cycles by a curves that look like square root functions. There is only one parameter of freedom to choose such a square root function a* √x. Without going to deep...
While most trades look at a linearized theory like trend lines , triangles and channels it seems that in a bigger picture it is not linear at all. Here I interpolated the lows and highs of bitcoins 3 cycles by a curves that look like square root functions. There is only one parameter of freedom to choose such a square root function a* √x. Without going to deep...
