Doing some long-term technical analysis on Bitcoin
in this graph I am using LOG chart on "BraveNewCoin Liquid index" (this gives me the most DATA for price)
Using channels and Elliott waves you can get pretty good Idea of what is happening in the big picture for
Bitcoin & Cryptos.
$100,000 is first major target (could have extended 5th wave higher then 100k but we will have to see how things look when we get there. "
Here's my previous long-term chart
Here's my previous short-term chart
Here's my prediction of the correction from 20k down
You must understand that anything is possible but when you zoom out and get the BIG BIG picture accumulate panic and average out of greed trading becomes very easy and not stressful (short term traders generally have a lower % win rate & have much more stress working with worse probabilities & fighting with bots.)
I see a lot of confusion on trading-view right now... many people on here are very new to trading and don't know what they are posting so I would like to give a little warning out to people to stick to the best traders and try not to overwhelm yourself with to much TA. I personally only watch 2 other technical analyst & try to avoid checking their charts until after I have already evaluated my charts. This is because I don't want them to influence my perspective except from a educational perspective.
This is the update you all wanted in my longterm chart :)
Peace out & stay profitable
Yours truly - DalinHood
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