A meaningfull discription would be.
If current pattern continues and resolves to a wave 5 completion , which ends at 63kish , we have firmly broken prev. ATH and can expect more up.
If current pattern discontinues at prev. ATH which sits at 58k-ish, (by means of a firm rejection at that level), the current formation points down and could in theory resolve into...
Did some Wavecount identification done by eyeballing a custom indicator i (for this purpose) fantasized into reality, look below the main chart.
If this wave counting stuff ends up to be correct,i will start to believe in Elliotwave.
Personally i think we go DOWN, but elliot says different
Looks Like a Safe 4k Range openend Up for BTCUSD.
Finally gonna plot some daily(perhaps weekly) open n closes within that range?
The market avoided it like herpes, pre 2017 bull aswell afterwards!
Guess some "players" have bad associations with the nr 4?
Meaning full? as if we have a crystalball, what are they thinking at TV?
Funny people, those TV guys!.
Ok meaningfull as in i have no clue but pondering some log charts and bigger time scales a more reasonable picture , including a so called wave 1 sqeeuze pattern of a hyperwave trend formation appeard onto my minds eye.
Such a sqeeuze can be identified before...