Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
People love to compare where Bitcoin is in today's market to the previous cycle. I figured I would join them. My short-term outlook is obviously more bearish than many others. But, here it is. I'm not saying that Bitcoin will drop to nearly $2000.00, but I do believe that we still have a huge correction coming.
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time ) Any analysis could be "against" your "Bias"..Do you own due diligence for any trades.. No one could stop you making/losing $$$
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time ) Any analysis could be "against" your "Bias"..Do you own due diligence for any trades.. No one could stop you making/losing $$$
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time ) Any analysis could be "against" your "Bias"..Do you own due diligence for any trades.. No one could stop you making/losing $$$
What am I doing with my life... Do not believe what they tell you. Hold. Could go to 75. Illuminati.
This chart shows historical references related to percent fall from cycle tops to price at halving, with halving cycle timing.
TRX BTC chart is starting to look interesting again, looking to see a reversal in june to late july but it's a bit early to tell. Will be looking for the price to come back above both moving averages maybe by September. Not an expert, not financial advice. Biffy
Notice how Bull and Bear Markets kick off. Rinse. Repeat. This is a reminder/notes for me to reflect on.
A more detailed look at our current market situation and where we may be heading.
I am in the middle of reading this book and decided to put it all together on a chart to visualize every cycle at the same time and share it with you. I see now why the 1929 crash was so devastating, all waves were pointing downward.
Detail @ The Chart
The following idea is about Bitcoin and symmetry. Total retracement in value = $19764.51 -$3148.33 = $16616.18 50% of total retracement in value = 0.5 * $16616.18 = $8308.09
Any analysis could be "against" your "Bias"..Do you own due diligence for any trades.. No one could stop you making/losing $$$
Many systems on this planet follow 4 year cycles. Here is a comparison from 2014 and 2018 bitcoin price. 1D charts, roughly equal time scaling, from the peak on the left to the dip near the centre is a price difference of 500-550% Indicators: Volume Profile on the left SMA, purple 50, pink 100, white 200 BullBearFilter Stochastic by CryptoRhythms
What make Pound surge up? Detail @ The chart