So there are two major things in this chart. 1) previous market cycle retraced slightly more than 78% and started a new market cycle along the support trend line. 2) this new market cycle's 78% fib perfectly confluences with the great grand trendline (support). History suggests that BTC market cycle retraced 78% and found support at that trend line. With that i...
So here is my EOS analysis. On the EW Count it clearly completed its 5 wave count and retraced to 3 wave count. Retracement has been very healthy and bullish. Since main net is just 9 days away, I am expecting some nice bullish action and if this was just the wave 1 and 2 of a bigger wave count then wave 3 should at least be of the same size of wave 1 (if not...