-Likely to sell down back to the weekly trendline in the near-mid term -Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory -Chose this path because it is the same underlying pattern as that of today's stock market -Fib projections align well with the first massive move up in 2017 -If it does not bounce off of the weekly trendline for a significant low, it is likely that Bitcoin will not make its move to 100k -Best believe some other coin will if it does not
General Strategy:
-I'm going to follow this map until there's a 5% divergence from the projected path -So, shorting it now, picking it back up around November 2021, picking up the Alts in December-January -I will hold everything crypto-related until the end of the pattern in late 2023 or get stopped by busted divergence threshold -Patient initial entry at the lower trendline is a high probability trade, if it makes it there -Sinking 5k into 3-4 sub-penny altcoins shortly after the BTC entry is essentially arbitrage, so will be doing that too
@AndersonAES, not particularly - havent really researched this one. but I will tell you the four alts that I have my eyes on:
Mana, Hedera Hash, VeChain (only because of its presumptuous/comical offering of real interest via its sub, VeThor) and potentially BitTorrent at the right price cause I love the concept.
Heena-Mocken
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May i ask what is the benefit of using the fib tool/indicator whose notations are result of formula? Maybe im missing something and is why im asking but it seems to me ones own eyes would be much more reliable for one and for second using ones eyes would only further that persons understanding of movements and connections. Ive seen in my own experience those who rely on the formula are typically surface level thinkers and im in no way claiming that of you, quite the opposite is true and why im asking the hog lord himself knower of ze poinky stoink not about zat stoinky doink
UnknownUnicorn5511258
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@Heena-Mocken, lol, i basically just drew a path that I had visualized then tailored it a bit to the fib levels - not the other way around. So, you would be correct - metaphorically speaking, my piggish eyes wrote the novel, and the Italian mathematician helped edit the final product.
not to worry - the way of the pig still relies on vague abstractions rather than simple math (for whatever that's worth)