Another attempt at Hurst analysis.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help with that.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help with that.
Note
Here is a picture where text and price is clearly visible.
Note
Update to my cycles and FLDs.
I expect few more days of sideways, with a bit of down to a 10D trough (not marked since it is hard to pinpoint them on 1D chart). After that it is bulltown central. I don't expect it to go above 8k, but we will see.
Target is a bit higher as well
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.