Chart shows, two diagonal pitchforks. Red Line is the midline and may act as resistance.
Chart shows, horizontal Fib extension lines that I expect to act as resistance. Each extension noted may act as the final 3 "drives" to the top, as marked with white label.
Chart shows, pink curve/exponential line that BTC has traded against in previous cycles. Once this line...
Dear Readers.
I've done a lot of analysis and I get it much more now than I did before and I want to share some advice.
1) Zoom out on your charts to learn the overall trends. All crypto is speculative, meaning it follows repeatable patterns. Try to learn them from a daily move perspective. Read about Elliot Wave for Bitcoin 4.92% movement. Look at how BTC 4.92%...
This is my second post ever, so please use accordingly. Some people (Goldman) thinks were are in Wave 4 of the Elliot Wave Principle. Please look this up if you haven't heard of it. Wave 4 is characterized as:
Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below than that of...
I read summaries of Goldman Sachs last newsletter from early November and decided to visualize what they wrote about. From their perspective, we are in a consolidation period called Wave 4 before the 5th Wave and final wave up in this sequence. What happens after that is usually a considerable correction, which I assume is what happened in the 2014 retrace. ...
