Expanding Flat (A)(B)(C)( orange)
US recession indicators. Yield Curve Inversion part 4 ...
This allows scaling of the bitcoin supply to more accurately identify trends set by previous market (mining) cycles to identify useful points of support/resistance.
Have a buy triangle on the 2 hour of EOS
Two variants for a possible bottoming process of Bitcoin. Based on the volume profile, the price action and the RSI indicator on a weekly basis compared to 2014/2015. Due to old support / resistance zones as well as the projection of the descending triangle certain price levels can be identified. The sentiment is generally too bullish. This analysis is invalid as...
We can't predict the market's movement most of the time BUT All Charts exist in 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed = Y (Price ) / X ( Time )
P/s I can't post my cycle chart. Sorry. P/s Chart/Image is not other language beside English .
Gold cycle chart @ scontent.fkul4-1.fna.fbcdn.net
Gold wave (D) (blue) of triangle most likely reached.. Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong! P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong! P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Gold's Time/cycle almost due..Rechecking again Gold wave structure..IT is unfolding as (w)(x)(y)(purple) expanding flat instead of previous (a)(b)(c) as pic
This is constructive so far, Total cryptocurrency market cap - BTC is in an uptrend currently. It still remains to be seen if there will be another RSI double bottom signal as was the case in 2015. Momentum is still negative, if the analog holds true consolidation should only last 175 more days ending ~SEP 2019. The 200 SMA and EMA are still acting as support and...
Detail @ The Chart
Rechecking from Gold chart's (not shown on chart) & Wave Structure, Gold's cycle is about to due..And It is forming a expanding (a)(b)(c) wave (purple),, Short Gold @ around 1306 with control risk and small lot TP1 @ around 1262 , TP2 @ around 1240