King Bitcoin | Alternative view based on daily close | Long term
Updated
The daily close gives a much different view and might give clues which we otherwise might overlook and might also be of interest for traders and investors alike.
Since bubbles tend to go in to UNDERVALUEATION, I'm very surprised that nobody mentions this so far on Tradingview to my knowledge, let alone other professional or experts. So how do I know? I've studied bubbles for a long time, after having lost my shirt in dot com collapse with first hand experience. Unlike worthless crap companies, I believe crypto and bitcoin is here to stay until I die. I cannot say this for the majority of alts, which end up like those crap companies of the dot com era with no doubt in my mind.
People can heed the warning, I wish I had this information, platform and tools back in the day, there was none of it readily available and the www as we know it today. In the age of information, ignorance is a choice.
So I decided to make a roadmap based on this view. The count works surprisingly well, very close as for those with wicks included.
Since bubbles tend to go in to UNDERVALUEATION, I'm very surprised that nobody mentions this so far on Tradingview to my knowledge, let alone other professional or experts. So how do I know? I've studied bubbles for a long time, after having lost my shirt in dot com collapse with first hand experience. Unlike worthless crap companies, I believe crypto and bitcoin is here to stay until I die. I cannot say this for the majority of alts, which end up like those crap companies of the dot com era with no doubt in my mind.
People can heed the warning, I wish I had this information, platform and tools back in the day, there was none of it readily available and the www as we know it today. In the age of information, ignorance is a choice.
So I decided to make a roadmap based on this view. The count works surprisingly well, very close as for those with wicks included.
Trade closed: target reached
Hit @ 6950k where the B leg is in the chart (the original chart I don't have anymore, entire layout was deleted weeks ago).A + B 100% hit. I think continuation down, no more 11.15k, sorry bulls.
To be honest, I didn't even knew I had this idea, it's just that someone reminded me of this idea. It was based solely on the daily view.
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