(BTC) ELLIOT WAVE PROJECTION | 3 MONTHS (BTC)
Hey everyone!
I have never shared my charting or TA until recently as I did not think I was understanding enough of the market, price behaviour, signs, indicators & structures, and quite honestly it would be foolish to suddenly state "however, NOW I am posting these because I am 101% positive of this outcome".
That's is not the case, this is a rough estimate drafted via various resources (TA and rules of Elliot waves as well as ABC corrections hand in hand with wave direction (angle) and market timing comparisons (right now is looking a lot like the big, 3 month long FOMO rush back in 2021).
As you can see, I have mapped out an approximation of price action that I expect to be in line with the corresponding dates. I hope that this helps someone either with any difficult decisions they are currently in when deciding what their next move is in the market. If anything. I would like to publish this idea simply to come back in 3 months and see if my methods of TA for price forecasting are working for me and for all of you. If it does, I will continue to freely share any/all charts that I work on and will only improve in accuracy as time continues and I learn from any mistakes that may still linger.
I have been trading for 4 years now and have been really on my own in terms of advice or assistance from outside sources ever since I was wrong footed a few times by the people I looked up to. It made me realize that I don't want to place blame on others simply because they are giving me their best guess at an extremely unpredictable market; and instead I can blame my own mistakes and focus on what i may have done wrong.
It goes against everything I would have been saying 6 months ago as I did believe April would show us strong upward movement, and July to be the month where prices reach their lowest. Normally summer is not a great time for the crypto market but as traders and TA's we need to always remember that things are always changing, growing, shrinking, stretching, you name it. That is why it's important not to stay glued to our "research" or opinions and to constantly be re-analyzing our previous assumptions. As time has passed, this chart is beginning to look extremely similar to the last little pop upwards in 2021.
Get ready for a wild and extremely exciting time (possibly). I remember the feeling during 2021 when assets were shooting up hundreds, even thousands of %'s. this was my second year trading and if I could give myself advice (as well as any new traders reading this) it would be: "TAKE YOUR PROFITS." Repeat this out loud as many times as you have to until it sticks in your head. Don't invest all your money, and subsequently all of your time, just to act as exit liquidity for those who know not to get greedy and understand that the prices we see during ALTCOIN bull runs specifically are not (normally) going to stay that high. Make sure you don't get left in the dark waiting another 2 - 3 years for the market to provide the same opportunity.
Wishing you ALL the BEST.
Good luck, happy trading, and remember...
PAY YO DAMN SELF!
I have never shared my charting or TA until recently as I did not think I was understanding enough of the market, price behaviour, signs, indicators & structures, and quite honestly it would be foolish to suddenly state "however, NOW I am posting these because I am 101% positive of this outcome".
That's is not the case, this is a rough estimate drafted via various resources (TA and rules of Elliot waves as well as ABC corrections hand in hand with wave direction (angle) and market timing comparisons (right now is looking a lot like the big, 3 month long FOMO rush back in 2021).
As you can see, I have mapped out an approximation of price action that I expect to be in line with the corresponding dates. I hope that this helps someone either with any difficult decisions they are currently in when deciding what their next move is in the market. If anything. I would like to publish this idea simply to come back in 3 months and see if my methods of TA for price forecasting are working for me and for all of you. If it does, I will continue to freely share any/all charts that I work on and will only improve in accuracy as time continues and I learn from any mistakes that may still linger.
I have been trading for 4 years now and have been really on my own in terms of advice or assistance from outside sources ever since I was wrong footed a few times by the people I looked up to. It made me realize that I don't want to place blame on others simply because they are giving me their best guess at an extremely unpredictable market; and instead I can blame my own mistakes and focus on what i may have done wrong.
It goes against everything I would have been saying 6 months ago as I did believe April would show us strong upward movement, and July to be the month where prices reach their lowest. Normally summer is not a great time for the crypto market but as traders and TA's we need to always remember that things are always changing, growing, shrinking, stretching, you name it. That is why it's important not to stay glued to our "research" or opinions and to constantly be re-analyzing our previous assumptions. As time has passed, this chart is beginning to look extremely similar to the last little pop upwards in 2021.
Get ready for a wild and extremely exciting time (possibly). I remember the feeling during 2021 when assets were shooting up hundreds, even thousands of %'s. this was my second year trading and if I could give myself advice (as well as any new traders reading this) it would be: "TAKE YOUR PROFITS." Repeat this out loud as many times as you have to until it sticks in your head. Don't invest all your money, and subsequently all of your time, just to act as exit liquidity for those who know not to get greedy and understand that the prices we see during ALTCOIN bull runs specifically are not (normally) going to stay that high. Make sure you don't get left in the dark waiting another 2 - 3 years for the market to provide the same opportunity.
Wishing you ALL the BEST.
Good luck, happy trading, and remember...
PAY YO DAMN SELF!