Hello and nice to see you reading my post!
As you can see this is a timeframe based post so I will explain here my thoughts.
First of all past performance is not indicative of future results I know but human psychology has a tendency to repeat in form of cycles.
That's where our analysis begins:
The first bearish movement was from the 23rd of July until December 15, 2018, and lasted 143 Days. (Cycle 1)
Followed by an accumulation phase that lasted 80 Days from December 16, 2018, until ~7th of March 2018. (Cycle 2)
And last but not least we had 32 Days a nice uptick from 7th of March 2018 until ~9th of April 2018. (Cycle 3)
So if we apply past data into future results this would be the outcome:
from 7th of April 2019, we had a bearish cycle that lasted until 28th of August 2019,(Cycle4) (143 Days)
we are right now in our accumulation zone that should approximately end on 15th of November. (80Days) (Cycle 5)
Then we should see our next bullish movement at the begin of the year 2020. If we finally break out to a bullish trend then the cycle would have more than 32 days and requires further analysis. (Cycle 6)
Hope you liked that quick analysis thanks for reading <3
made a new analysis because I don't want to see RSI and Stoch RSI on the chart as well.
As you can see this is a timeframe based post so I will explain here my thoughts.
First of all past performance is not indicative of future results I know but human psychology has a tendency to repeat in form of cycles.
That's where our analysis begins:
The first bearish movement was from the 23rd of July until December 15, 2018, and lasted 143 Days. (Cycle 1)
Followed by an accumulation phase that lasted 80 Days from December 16, 2018, until ~7th of March 2018. (Cycle 2)
And last but not least we had 32 Days a nice uptick from 7th of March 2018 until ~9th of April 2018. (Cycle 3)
So if we apply past data into future results this would be the outcome:
from 7th of April 2019, we had a bearish cycle that lasted until 28th of August 2019,(Cycle4) (143 Days)
we are right now in our accumulation zone that should approximately end on 15th of November. (80Days) (Cycle 5)
Then we should see our next bullish movement at the begin of the year 2020. If we finally break out to a bullish trend then the cycle would have more than 32 days and requires further analysis. (Cycle 6)
Hope you liked that quick analysis thanks for reading <3
made a new analysis because I don't want to see RSI and Stoch RSI on the chart as well.
Comment:
Correction: And last but not least we had 32 Days a nice uptick from 7th of March 2019 until ~9th of April 2019 (Cycle 3)
Trade active:
We are entering the bullish zone 80 sats was my target from the beginning.
KSC
