A project I made few months ago, as we are going by blue parabolic line so i decided to upload this idea, maybe someone will learn something or see something that I or others don't
If it is, 64% it will break down
not a prediction, just analysis and educating my self
for educational purpose
Legs seems repeating, all in all view it looks like a bear flag, would be logical to stop at 5200, some fibs also matches 5200 zone. In my opinion we totally are not in the bottom yet, if u check previous bottoms, after reaching bottom we should bounce at least 400$ and continue to grow for the next hours. As current situation 5900-6150 looks like a dead cat bounce.
This is not a prediction, it's more like a guess
We can see some clear support points which we were building for some time, thats only difference between 2014 correction and this is the only reason i think which could save BTC from massive corrections which we were making in past. This is not a prediction, just a speculation
This whole view looks to me what alts have already formed
If we look, we had reversals on 6th of every month since Jan, tomorrow will be Jun 6th, we should expect other reversal. Lets see what will happen
Not a prediction If 0 and 1 fib lines are placed on the correct consolidation spots or stronger support/resistance lines and if you know that it-(the currency, currency pair) will move up/down, with this technique you can predict where will be bottom/top with these fib levels: 3.618 (Is guarantee to hit (if placed correctly)), 4 (Is mostly top/bottom) and 4.236...
As I couldn't match a pitchfork correctly for this log scale trend, so then decided to Make own channel manually out of an older trend. Placed the mane lines, measured them with fib channels to draw other continual channel lines which would mach the pattern so We could try to predict the next tops/bottoms of this awesome trend. What do you think of this channel?...