This is how it works But there is also a lot of TA behind this fibonacci. elliot, math experience from 2 previous crypto bull markets Will the triangle just break up ? Will it have a fakeout up, and then a fakeout down ? Will the triangle fail I think 56K is massive support area (4) All arrows point up
Here are some old fibs for some large waves. I hope to see an interesting dance on many of these fibs for the next 2 years
Im just thinking about possible differences in time due to both the economic situation now in the world, high inflation and interest, but also SPX is challenging ATH. I believe the previous 1year + with economic "trouble" has been 1 thing and 1 thing only: paying back for the amounts of cash printed during covid. Of course there would be some back paddling after...
All same color lines are idendical to eachother ( copies ) 3 times since BTC's beginning, they have been pretty accurate with both time and angle ( on log chart ) is 4th time the charm , or was it the 3rd ? We shall see
the btc channel looks a bit straighter in this BTCUSD/M2 chart where it is corrected for inflated USD. the AB XY points are just observations, it is a possibility but nothing else
Wishing everybody a happy 50k BTC Xmas and new year. Just amazing the era we live in right now, at least in regards to crypto looks to just slowly be seeping in more and more interest. Looks like speed up is still pretty "steady", meaning biggest weekly candle this run the last months - 7k. VS previous bull cycle had several 13K weekly candles. I think we...
SO this is SPX / M2 money stock i might be wrong on this, or it might be a simplification, but i think it is basically corrected for inflation ive been watching this for some years.. pretty interesting to see the rejection area right before covid came. Charts make the news I guess. But now we have finally broken this line...... I think this can be very very...
just saw this massive multi year head and shoulder pattern that usually means bearish. I post this more or less as a reminder or warning of a potential. hope this does not play out
All we need is to break free from the dotcom ABC housing bubble / Money stock The masses do not read in the daily news about the crash, before the crash. Fundamentals - the setback past year is payback for manic covid printing. As soom as average joe no longer fears expensive salami, the party will continue. ( party meaning sick debt driven money printed...
all lines are made from Schiff pitchfork from 1 wave only : the 2019-2020 wave numbers for pitchfork used is 1,3,5 and 1,618
Hi This is a little experiment, lets see how it goes All lines here are either major log fibs (618's, 1's, etc ) of really large waves ( multi year) and pitcforks of really large waves, also multi year Here is a zoomed one
Lets see how this sick idea pans out over the years This completely ignores any FA, and only sees what crypto has done before regarding ngu
these are some very old "magical" fibs and trend lines. Even if they are old, they still work, as every wave is connected to every other wave. Check for example the 2021 crash bottom to around 30k - this hit a 1.618 fib. Check the 2017 top... to the tick. This might not be the "correct" wave to measure from, to predict the next top.. when we were near 70k, that...
im ready looks like its doing some cup and handle stuff, some W stuff, and just now at a major resistance. Once this resistance gets broken, i think we will have a very quick 2x to 0.040 by the end of this crypto bull market, i think we can see 0.1 DYOR i have been seriously wrong before XD
hi this is XMRBTC chart. i can first add as a basis that i am bullish on btc. So that means that this chart is more bullish than it looks, since i believe it will 2x vs btc. this chart is for 2021 so far. bullish signs: -now bouncing on the 618 -falling wedge -touching trendline -curving slightly upwards --- many other coins with similar patterns have just...
im not buying right now into resistance. But im watching this closely, because this can explode to.. even 10 dollars if we get a retrace to near the lower blue line im buying. if we break the line, and get a retrace bounce - im buying. this all depends on how btc resolves the 46k area.
hi Bulls are taking their time. But this is going up, and its going way up. By end of run, i have no problem seeing USD100+
buy now second target, mortgage the house ! Bitcoin is soon done wtih its several month vacation. Alt season will take a vacation. BTC dominance is soon done with its ABC this is not short term advice, this is 5 month advice. BUY AND HOBL !