In my chart, which could seems a little bit unreadable at the first look, obtains a channel built from logaritmic curves, which from my view holds the supports and resistances in the best way. This channel could give us a clue where the future prices of BTC will be.
I know that the past won´t tell us the future, but I´ve noticed a parallel channel from the...
Based on EW principles I draw a possible bottom before relief wave (B).
Of course this is just an idea based on my thoughts (dreams)...who knows
I would be pleased if you could give me your opinions about my idea and also where the weekly RSI could be bottoming.
Anyway...not a financial advice!!!
Best regards a good luck to you all ;)
In the beginning there are used data from Mt.Gox exchange...also I am not 100% sure about those waves...if they are correctly drawn...my goal is to express the idea of the big cycle which is shown in the chart.
Please leave my your comments or thoughts what you think about this idea.
Not a financial advice...only for educational purposes!!!
In the beginning I used data from Mt.Gox...it is not super exact chart...my goal is to express the idea of the supercycle based on elliot waves.
What are your thoughts about this idea?
It is only for an educational purpose. Definetely NOT a financial advice!!!
