"I told 'Future' I could see the future" - Based on History
Greetings Earthings,
A few questions... 1) Do you believe in mathematical principles? 2) Do you believe history repeats itself? 3) Does the price of an asset tell you more about the current state a crypto than FUD? "IF" you answered "yes" to all three of these questions, then boi do I have the analysis for you.
1) This analysis for future BTC 0.64% price action is based on its historical performance. FUD is a prominent factor in any market. It's not that FUD doesn't have a role in price action but many believe that it can be and is already calculated in the mathematically principles applied to any financial market.
2) If you look at my post, "Revision is History", it outlines the 2013-2014 retrace and analysis the Elliot Wave (EW) Impulse and ABC correction associated with it. Price goes up, price comes down, forms a bull flag , price goes up.
3) Further investigating the history of BTC 0.64% prices action on an annual bases, since summer 2015, generally (not always) two (2) things have been constant... Summer through Fall = Impulse up, Winter/Spring = Correction down. Now, how does this translate to pattern recognition and Elliot Wave counts.
4) If the 2015, 2016 and 2017 history repeats itself (Once is luck, Twice is coincidence, Third times a pattern), then I suspect that we have completed the Winter correction and have entered into the EW Impulse Wave 1-5 and will see another minor correction, big picture, in late summer. As more people get involved (percentage of the global population) in crypto trading, the timeline will be accelerated due to the 24/7 accessibility of the market, thus compressing the time and price action, eventually stabilizing the volatility of the market.
5) The waves as drawn are not to scale but generally in position. As time passes and the price actions dictates, targets can be place with more accuracy. The purpose of this chart is to give a general direction to which way, LONG TERM, BTC 0.64% price actions is going. Entering now means you are entering this market not at but near the bottom and not the top.
Short term targets to follow in subsequent post. However, the full potential of the gray flag based on the monthly chart is near 28K.
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
A few questions... 1) Do you believe in mathematical principles? 2) Do you believe history repeats itself? 3) Does the price of an asset tell you more about the current state a crypto than FUD? "IF" you answered "yes" to all three of these questions, then boi do I have the analysis for you.
1) This analysis for future BTC 0.64% price action is based on its historical performance. FUD is a prominent factor in any market. It's not that FUD doesn't have a role in price action but many believe that it can be and is already calculated in the mathematically principles applied to any financial market.
2) If you look at my post, "Revision is History", it outlines the 2013-2014 retrace and analysis the Elliot Wave (EW) Impulse and ABC correction associated with it. Price goes up, price comes down, forms a bull flag , price goes up.
3) Further investigating the history of BTC 0.64% prices action on an annual bases, since summer 2015, generally (not always) two (2) things have been constant... Summer through Fall = Impulse up, Winter/Spring = Correction down. Now, how does this translate to pattern recognition and Elliot Wave counts.
4) If the 2015, 2016 and 2017 history repeats itself (Once is luck, Twice is coincidence, Third times a pattern), then I suspect that we have completed the Winter correction and have entered into the EW Impulse Wave 1-5 and will see another minor correction, big picture, in late summer. As more people get involved (percentage of the global population) in crypto trading, the timeline will be accelerated due to the 24/7 accessibility of the market, thus compressing the time and price action, eventually stabilizing the volatility of the market.
5) The waves as drawn are not to scale but generally in position. As time passes and the price actions dictates, targets can be place with more accuracy. The purpose of this chart is to give a general direction to which way, LONG TERM, BTC 0.64% price actions is going. Entering now means you are entering this market not at but near the bottom and not the top.
Short term targets to follow in subsequent post. However, the full potential of the gray flag based on the monthly chart is near 28K.
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
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