Bitcoin's price is on the rise, and it looks like it might reach somewhere between $48,000 to $50,000 soon. People are excited, but smart traders are watching closely. They know that when a new Bitcoin ETF starts, it might cause a big change. The saying 'buy the rumor, sell the news' means that people often buy before a big announcement and sell right after,...
I've been delving into the fascinating world of Bitcoin's price trends and came across some compelling insights that I thought were worth sharing. Here's what I found about using logarithmic regression to understand and predict Bitcoin's market movements:
The Power of Logarithmic Regression: This method is really intriguing for Bitcoin analysis. It shows us how...
Upon examining the Elliott Wave pattern for the DXY in a broader timeframe, it seems that the current phase aligns with the fourth wave. This phase could be characterized either as a zigzag or a WXY correction. Based on this interpretation, it's plausible to anticipate an initial upward trend leading towards the fifth wave, preceding a notable pullback in the index.
Analyzing the Elliot Wave pattern for gold from 1979 through 2023, it appears that we are currently in the fourth wave, which I interpret as a WXY correction. This suggests that before a significant pullback, we may witness an upward movement towards the fifth wave. This final ascent should complete the long-term wave cycle, marking a pivotal point for future gold...
