Experimenting with Elliott Wave lately which brings a lot more structure and clarity in the whole thing. I know it's a very subjective 'art' and everyone has a different count, but it does give me more confidence in my analysis. In these charts we see the 2017 run on the left, and the current run on the right. I argue that we are now in the last leg of the macro...
Take your pick :)
On the left side we have the 2012 run. On the right the 2013 run. RSI has a lot of similarities during these runs and could give us a hint on where we might be in the run itself. 2012 The RSI and the fractal of 2012 has been followed quite nicely all the way from december 2018. Only as of late the fractal broke because of a steeper parabola. The RSI hints that...
I know these are a lot of ugly words in one short title; XRP... alt-season... But this one might have a chance. Last time when we corrected from ATH alts bounced hard and we had a little alt-season. Let's see what happens. Don't jump in right away. First see what BTC does the next few days and if we form that nice LTF rounded bottom on this chart. LTC looks nice as well.
My previous bottom call was right on point but the minute we hit bottom the fractal slowed it's pace considerably. That's the fun in fractals, they work great until they don't :) This analysis shows you a probable path to our previous ATH in Bitcoin. It's comparing the 2015/2016 1D timeframe to the current 2D timeframe. I've overlaid current candles with the...
There are a lot of 2014 / 2018 comparisons already out there but I really liked the simplicity of this one. During this 2018 bear market I've fallen back many times to 2014's price action and RSI / MACD indicators. Many times the 2014 4h timeframe was nicely comparable to the current 2h timeframe. In an attempt to approximate a bottom in BTC I decided to make...