Interesting to see how the price of BTC is so well geometrically constructed, there seem to be multiple points of gravity/pivot points when the price gets compressed or when there is a change in price direction. I have noticed similar patterns at much wider time frames. I wish I had more knowledge in Maths/Physics to further elaborate on this. If you have any ideas please feel free to add to this chart.
This also leads me to believe the price fluctuations of BTC are not related or correlated to news but rather we search for events that could explain such movements. I also believe that events such as an ETF approval are perfectly timed to 'catch a wave' that would have happened anyway.
Interested to hear your thoughts :)
This also leads me to believe the price fluctuations of BTC are not related or correlated to news but rather we search for events that could explain such movements. I also believe that events such as an ETF approval are perfectly timed to 'catch a wave' that would have happened anyway.
Interested to hear your thoughts :)
Comment:
Comment:
When to turn bullish? when we cross the purple line
When to turn long term bearish? (approx 6months more) when we cross the red line
When to turn long term bearish? (approx 6months more) when we cross the red line