This chart shows how the bearish and bullish estimate is being build and get stronger by masses, as price goes higher, more people become bullish and vice versa. I believe we are still under a bear market effect currently, where over 50% of people engaged in crypto are bearish, I believe majority of people will switch bullish in 2020 after the halving and after...
In this chart I am trying to visualize an Elliott Wave market cycle of DGB/BTC with 5 waves pattern, and ABC pattern forming which is getting close to finalize close to current price range levels, anytime soon we expect a trend reversal with possible new targets. Digibyte had a lot of development during the bear market 2018-2019, and stands out with great...
Dominant Trend market cycle 2019-2021 Since the bottom 3200 in 2019 Bitcoin started the new market cycle, I may not be accurate with targets, but this are the possible new all time highs for Bitcoin somewhere around 150,000$ - 350,000$.
Based on the market cycles since 2013, there are 2 major market cycles we can watch each with a halving event. I can't predict 100% the future, but my targets may be close with low accuracy to real price discovery in the future market cycle after the 3 Bitcoin halving in 2020. 2013 ATH: Dominant trend ElliottWave 5 2014 Downtrend: AB Corrective 2015 Bottom: C...
2013 was a peak of a dominant trend of the previous market cycle - similar move in 2017 2015 price found a bottom at 200$ from the last peak of 1200$ - similar move in 2019 2016 halving event, price reaching previous ATH - similar move in 2020 2017 a parabolic uptrend with a new peak of a market cycle - similar move in 2021 2018 reversal and the beginning of the...
I like mostly global trend analysis, which perfectly suits in Elliott Wave Theory. We can see how many small cycles are included in one big super cycle and it is continuously repeated.