Ellis01

Ellis01

Base on simple measurements of each BTC swings, it's not difficult to notice that BTC has its own maximum swing hight. On the chart, the 3 yellow lines are identical, and we measured BTC swing hight. After each swing there were corrections, therefore in a short term, I don't expect BTC to grow. Instead, there should be some corrections. Let's wait and see how...

Ellis01 Updated 

BTC had reached the top based on the two lows on 21-Nov-2022 and 11-Mar-2024. If we use the price 15,476 as a reference to project an angle 3 x 15.476 ~= 46.44 degree (you may also use a 45 degree), as well, using the price 38,555 to project 1.5 x 38.555 ~= 57.83 degree, they both formed a major resistance of this BTC swing. We may find support at levels using...