BTC.D SHORT to 34.5%
• No real change from my original post on BTC.D SHORT.
• Just some minor adjustments to update the chart.
• Furthermore, I’ve put in Elliott waves to further highlight the similarities between this bullrun and the previous.
• Wave C will become more apparent when the 20W SMA crosses over the 21W EMA.
• By the way, as per my original post on BTC.D SHORT, NFTs are booming.
• Just some minor adjustments to update the chart.
• Furthermore, I’ve put in Elliott waves to further highlight the similarities between this bullrun and the previous.
• Wave C will become more apparent when the 20W SMA crosses over the 21W EMA.
• By the way, as per my original post on BTC.D SHORT, NFTs are booming.
Comment:
OK. I'm not sure why the parallel channel appeared for no good reason on my chart. It's not supposed to be there.
Comment:
No change. Just an update to show how nicely the Fib levels have been working.
Comment:
• BTC.D cycle has lengthened.
• Firstly, this is a good reminder that the crypto space is relatively new.
• Correspondingly, we should not be deterministic given how few data points we have.
• Thirdly, it is also a good reminder that forecasting tools that have only been validated against the US Stock Market might not wholly apply to the crypto space.
• Or, at the very least, these tools ought to be adapted for use in the crypto space.
• Firstly, this is a good reminder that the crypto space is relatively new.
• Correspondingly, we should not be deterministic given how few data points we have.
• Thirdly, it is also a good reminder that forecasting tools that have only been validated against the US Stock Market might not wholly apply to the crypto space.
• Or, at the very least, these tools ought to be adapted for use in the crypto space.
Comment:
• Just a simple progress update, but using line instead of candles.
• Things are going as per planned.
• As per my Four Seasons Model, I still think BTC will peak in 1HCY22 (maybe 2QCY22), with BTC.D reaching ~34.5%.
• We need a BTC.D weekly close below 39.6%. This will probably happen after BTC recovers from the current doldrums, and gets back above ~$53K.
• Things are going as per planned.
• As per my Four Seasons Model, I still think BTC will peak in 1HCY22 (maybe 2QCY22), with BTC.D reaching ~34.5%.
• We need a BTC.D weekly close below 39.6%. This will probably happen after BTC recovers from the current doldrums, and gets back above ~$53K.
Comment:
Important milestone given the thesis: BTC.D just closed the weekly below 39.56%. Let's see if it holds.
