BTC doing bigger version of the same fractal?
Hi. First thing to note, the price formula of my chart is the approximation of log function not some random mumbo jumbo. This way when I copy a line and move it on chart it doesn't get distorted by log scale (that's what I did with blue line)
I've started counting waves and their proportions
and I don't like that in biggest degree of fractal our ABC did not work out. C should have the same range as A.
Then I saw that we have already done something like this.
We've done wave 1 from the absolute top, then we have failed to push it more down (as it is now - with longer time spent on the bottom in the second leg), later on we had a retracement to 76% and then we have pushed through the bottom.
As math is math, resonance is resonance and if you jump on rails, you tend to stay on rails, my educated guess is that we will more or less repeat the pattern in a bigger scale.
I've started counting waves and their proportions
and I don't like that in biggest degree of fractal our ABC did not work out. C should have the same range as A.
Then I saw that we have already done something like this.
We've done wave 1 from the absolute top, then we have failed to push it more down (as it is now - with longer time spent on the bottom in the second leg), later on we had a retracement to 76% and then we have pushed through the bottom.
As math is math, resonance is resonance and if you jump on rails, you tend to stay on rails, my educated guess is that we will more or less repeat the pattern in a bigger scale.
Comment:
I am midterm long, longer term short, 2year-term long.