In a market that hasn't got a long history, working out the timing for turning points is difficult.
This is a simple analysis (shown on the chart as vertical lines) of what I've observed with BTC:
- Major turning points in mid December, and late June (6 monthly cycles)
- Minor or sometimes major turning point early February
- The number of days between highs and lows doesn't seem to be consistent and although I have seen others analyse timings with all sorts of mathematics I don't see anything convincing at this stage.
Currently I'm using these dates as a guide to help form price targets in conjunction with Fibonacci and trend lines;
I would not use these as entry points but rather as points to take profit.
Share your thoughts if you've found any other timings yourself.
This is a simple analysis (shown on the chart as vertical lines) of what I've observed with BTC:
- Major turning points in mid December, and late June (6 monthly cycles)
- Minor or sometimes major turning point early February
- The number of days between highs and lows doesn't seem to be consistent and although I have seen others analyse timings with all sorts of mathematics I don't see anything convincing at this stage.
Currently I'm using these dates as a guide to help form price targets in conjunction with Fibonacci and trend lines;
I would not use these as entry points but rather as points to take profit.
Share your thoughts if you've found any other timings yourself.
