Phidias' Cypher -- How BTC works since 2014

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Above chart screwed up by update, fixed version:

A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it!
I have been trading this phenomenon for a few months on smaller timeframes already and it turned out my orders in January weren't that poorly placed either. Waiting with bated breath on whether it's going to play out once again today!

On the right you can see the path BTC             is going to take if it cannot break out of this matryoshka in June, riding down the channel on another and possibly even a third wave, eventually coming to a halt at the cross of channel's and history's strongest support, the $50-$60 zone.

First calculation: target of correction
Second calculation: next bottom
Phi = golden ratio conjugate (0.61803)
In a nutshell, it is just the golden ratio retracement of every move.....same as taking your fibo indicator and finding the 0.61803 figure...although in Elliott wave when you get to the 4th wave it only retraces 38.2% of the move.... do a search on Elliott wave ratios here is some http://gyazo.com/c2f3f31bf6d511cad7daba329a66279c and http://gyazo.com/39a0a8f2534b8a548798787075d36a3f
None of the things you mentioned apply to the downtrend waves of Bitcoin; thanks nevertheless though, I know I should incorporate more EW in my analysis, especially on this scale.
Tradingview just changed the positioning of date range labels, now covering a somewhat important part of the chart. Fixed image:
+1 Reply
Thank you very much for sharing this insight!
I love you!
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