Don't you just hate these slow drawn out days when Bitcoin seams to lay in bed all day? One thing we can know for certain. Indecisive days like this make it easier to set aside our emotions and keep a clear mind going forward with the evidence we have at hand. Typically by the end of the Elliott Wave Correction phase the final leg (C) closely represents the first...
Possibilities Mount although the trend remains Bearish! What will trigger the next step and if it steps off where will it land? Would like to hear your comments. Just remember I'm only doing this for fun.
Before I go I am sharing how a look at the not too distant path can shine light on the question, Is it unthinkable that we might see an 80% drop from the June 19 13,880 high just as we did from the DEC 17 ATH ?
How you ever considered what happened in the past when you're looking at the present or wondering about the future? You might not have looked at it the same way I'm looking at it. Just thought I'd share. Good luck trading. Total disclaimer: I do not short trades or leverage trade. I own .00002278 Bitcoin I bought for a quarter ($0.25) over a year ago and...
I looking at things up close enough I can see whats going on on a day to day basis with most things. Here I have to wonder will Bitcoin head higher or will it head higher. As always I like to keep my mind open for the possibility of any outcomes. We can only do that with the data in hand and not our feelings or our girlfriends advice unless she's a unicorn and...
February ended with that gravestone doji and was the first indicator of what has recently played out for Bitcoin. Where or where do we go from here? Well, tried and true is what the Elliot Wave is a standard. I'm just sharing a look at where my trajectory is when this is posted. Part of work I started back in Aug 19. It'd not final and it should not be taken...
This analysis considers time frames and market movements for Bitcoin from Nov 2013 until today. It is the view of many that we are simply in a correction of a new Bull market that began in Dec 2018 however typically short term corrections to a strong bull market happen swiftly and end with a distinct turn around. Not what we are witnessing today. I expect part C...
NOT Financial Advice I've only spent a short time studying the Elliott Wave Theory. I would appreciate any comments or critique from those more familiar with it. The possible scenarios seam to be unlimited but this looks to me more probable than the studies I published earlier. Hope you find it useful.
This chart includes corrections to dates in the previous chart and takes in a longer timeframe for the Bitcoin market. Enjoy.