BTCUSD long. TP: 11577usd. In my analysis, I present 3 types of strategies. 1. Wave sequence. It can be seen that a double wave structure is formed in the direction of rising. The second wave of the wave sequences can usually reach double amplitude. 2. Fractal strategy. It can be seen that the second correction fractal is half of the first (red rectangles) This assumes that the second ascending fractal can be twice the first. So with reference to point (2), I expect the current wave sequence to double in size. 3. Intersection of moving averages. It is often observed that fractals occur not only at levels but also around certain significant curves. The blue rectangles show this. The dotted lines are extended values of the moving averages MA100 and MA200 respectively. I assume that they pass through the two curves in a similar shape. In other words, similar fractals are generated at the intersection points. Conclusion, I'm not expecting any further adjustments to the bitcoin chart. I assume a northward turn from this level and a more sustained rise. In case my analysis is correct, the Wave Sequence ascending target price is 11577usd.
easily I say. The fomo for this one may pump this one 14k+ before it pops. Even 20k+ before the pop))) And then a bear-year to 6-9k?
meszaros
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@orbborrison, Thanks for the comment. I agree with you. I have not published this analysis yet. I'll wait for the time being.
orbborrison
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@meszaros, I do too find a lot of similarities with the dynamics of the previous 14k pump. If so, then there should be another (5th?) wave. And a decisive correction then(quite a deep one, months) that will tell in the end if the whale investments turned out okay.
meszaros
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@orbborrison, I agree with you. Its shape is very similar. For the first 14K wave, the ATR was 2x, now only 1x. (White rectangles) Therefore, it would seem logical to me to have only half wave.
meszaros
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@orbborrison, On the ascent, I agree with you. I'm in the target price now uncertain.
Captain_Walker
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Great analysis. The more I study your methods, the more I am gobsmacked by how sound they are. Many times I think "No way is price gonna get there!" - then a few days later I'm kicking myself because price has got there. At times price doesn't get to where you project but this is not a perfect 'science' or 'art' - that's why we have stoplosses. The times when you do get it right lead to massive gains outweighing those times when the smaller stoplosses are hit.
Your Tesla projection was the best every I've seen on Tradingview. You beat thousands of traders all over the world who were shorting Tesla and they lost some USD 9 Billion.
meszaros
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@Captain_Walker, Thanks for the comment. The then TSLA analysis was intended as a "New Year's analysis". I was also surprised when I calculated the trajectory of Tsla's movement. I got motion track data that first I didn't believe where I got it wrong. I repeated several times, the results were the same. So I thought I'd even publish it. Interestingly, I also sent it to Stocktwits. There, his reception was rather hostile. They thought I was crazy. :). When I looked back at my analysis, Tsla even outperformed my analysis. That company is fantastic. All my admiration for Elon Musk.
Captain_Walker
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@meszaros, You are not crazy! In the land of the blind the sighted are seen as psychotic. Your worth is at least £9 Billion cuz you beat all short sellers globally on TSLA! That's how I see it.