Updated my previous analysis. I am not an expert, this is just a prediction. I hope it really plays out... But I want to warn you, the price can still go as low as 10k. this chart shows only the closing price of each week. This means that, this week or the following weeks, we will close above 14k but this doesnt mean that we cannot go lower than 14k, during the...
Right angled descending broadening wedge is a great shake out formation. The formation looks better in non-logarithmic scale than logarithmic scale. If this formation plays out, things are about to turn around soon.
Just think about it. It would be nice, wouldnt it? :)
This chart is constructed mostly intuitively . Dont take it too seriously but dont underestimate it either.
It might be right angled descending broadening wedge or not? If not, comment why not? I appreciate your opinions...
Always do your own research. Ty.
This is roughly plotted BTC road map to the next All Time High. It is based on the lengthening cycles. 2021 will be a great year to accumulate more BTC. 2022 and 2023 will be the year of BTC... Note that how crucial role the gray line will play, it is a multi year trend line which we have broke down on March this year. The coming down move on BTC(the red arrow)...
Which scenario will play out you think? Pink or green or none?
This is the line break chart for 1M BTC. The purpose of line break charts is to filter out market noise and give a clear indication of the current trend and trend reversals. It is very obvious that BTC was in a bull run since its birth and this bull run needs a serious correction. This correction has started not long ago on 2018. 2020 would be more bloody than...
Lets see the following few days.
First curve perfectly fits the graph from 2014 high to 2017 Q1(where the price reached the previous high) and it took 39 bars to reach that level. Likewise, counting 39 bars from the 2017 ATH candle(wick is not included), yellow curve forms as seen in the graph. This second curve clearly shows that a substantial drop in the price will occur as the price wants...