DYOR, just a thought i had. Think of it what you like. :)
An extreme long term view of bitcoin and its uptrends. including RSI and MACD. The blue line initially represents the expectation as the previous wave did. But after a short while it just goes to ridiculous heights. Cant leave them out for Bitcoin. Just an idea, DYOR
little idea on verge remember to DYOR!
My bitcoin analysis, based on Elliot wave theory, in combination with trendlines and resistance/support zones. V2 background changed
We've had a large down, i seem to have identified it as a bearish Elliot with a 5th wave extension, I'm expecting an upwards correction, in blue I have highlighted the correction I'm expecting if the downtrend is to resume. And in purple I've highlighted my expectation for a possible recovery of the short term down trend. This my my own amature interpretation of...
My bitcoin analysis, based on Elliot wave theory, in combination with trendlines and resistance/support zones.
the price broke out of the bottom of the symmetrical triangle and bounced off 135$ region, the price has come up to retest the downtrend line in the 215/220 region. if a break of the downtrend appears, the price will possibly find its next resistance at the bottom of the former uptrend. This is just an idea, how you trade is your responsibility.
Drawn a bit neater. I'm long for 1k... am i too bullish?