This is a weekly chart, I usually use weekly charts for the long-term forecasts!
My approach may seem very odd at the very first glance, but if you are looking at the symmetric pattern of exponential upward and downward moves, it becomes clear that this approach could explain the possible price pattern in the chart much better!
As you see pattern 1 is completed and pattern 2 will be finished in 6-8 weeks!
Pattern 3 is pure speculative which must be considered after pattern 2, however, there is always a chance deviation in the forecasts!
If you are trading bitcoin this chart may help you make better trades in the direction of the most probable longer-term pattern!
If you like this chart, you can make this set-up yours by pressing the three dots below the chart, and then save the chart layout for yourself!
I will update this chart as needed!
* In a short time frame we always have some positive days between negative days!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
My approach may seem very odd at the very first glance, but if you are looking at the symmetric pattern of exponential upward and downward moves, it becomes clear that this approach could explain the possible price pattern in the chart much better!
As you see pattern 1 is completed and pattern 2 will be finished in 6-8 weeks!
Pattern 3 is pure speculative which must be considered after pattern 2, however, there is always a chance deviation in the forecasts!
If you are trading bitcoin this chart may help you make better trades in the direction of the most probable longer-term pattern!
If you like this chart, you can make this set-up yours by pressing the three dots below the chart, and then save the chart layout for yourself!
I will update this chart as needed!
* In a short time frame we always have some positive days between negative days!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.