AzrulAzir

BTCUSD "Trendline Web Pattern" - Education

Education
BITTREX:BTCUSDT   Bitcoin / Tether
10055 views
249
Hai all,
I have many question in my private chat about my last analysis at BTCUSD

- How i get perfectly support at 2984.02 at BTCUSD?
- What kind of analysis i use and?
- are that analysis depend on fibonacci?

The answer is simple, i use "Trendline Web Pattern" analysis.
In this post i will explain in very simple way.
Comment: as u can see, that i get a good projection target from last bearish at BTCUSD.
But how I get that price?
Comment: the answer is simple, by using trendline web.
we get our 1st trendline here :
Comment: and 2nd trendline :
Comment: the 3rd trendline :
Comment: 4th trendline :
Comment: and last trendline :
Comment: the key of "Trendline Web Pattern" analysis is :
never forget your old trendline, because it will help u in next analysis.

Thanks all, hope this post help to understand better about trendline analysis.
See u all at next education post, bye ^_^

Comments

I don't really understand. These trend lines do certainly not meet in one point. How do you select that arbitrary central point in the plane? Moreover if we would use bitfinex or kraken, we would get very different result. This web can not reason sub $ precision. Not by long shot.
+11 Reply
It's cooler when you actually do it before it happens...

+10 Reply
mrblanc UncannyDeduction
@UncannyDeduction, too bad you made a forecast only 2 weeks later saying BTC will drop to 1200$ which didnt even come close
+2 Reply
@mrblanc, It's long term prediction. The points are only attractions points, and don't necessarily need to go there in my opinion. Eventhough me claiming to be the "inventor" of this it's a new pattern to me also and I don't claim to fully understand its mystical behaviour. But I can see it it's there, and saw it a long time ago. It can be found in all financial assets I've yet come to observe.
+2 Reply
AzrulAzir UncannyDeduction
@UncannyDeduction, in my line its around 2800 for second wave down, and last at mean line around 1439
Reply
@AzrulAzir, I would believe you if I saw a private chart using this method dated pre 22:d of August.
Reply


So then how about this ?
+7 Reply
Great analysis. As always.

Following this same reasoning:
If we really are in the B-wave of the correction as a good part of the analysts believe, the end of the C wave will only find some support close to $ 2,200.

What is your opinion?

+7 Reply
Hi Diana, I tried to do the same thing to see whats next.. It's a shocking result, but is what I have done below valid? or did I do something wrong?

+6 Reply
telnemri telnemri
@telnemri, my point is, do you think we'll go down to the 1439 level!?
+2 Reply
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