I haven't posted in years, and have only slightly tracked crypto alongside my fundamental portfolio. I Traded technical analysis for my first few years of trading, then realized it was not a sustainable and even enjoyable way of investing. I have made much more money (and slept better), since trading strictly via fundamentals. Upon seeing bitcoins latest...
Dont tell your friends! Do not read the chats, most are bearish on emotion.
This is adding on to my previous analysis regarding this. I was correct on that, this is to follow. By following bitcoins previous correction we can judge how this one will play out... see my last analysis as well.
Based on bitcoins previous corrections we can easily and precisely find the location of our current correction. Although this is being posted prior to bitcoin reaching its ultimate bottom investing now would still be worth while. As you can see the next bottom point following the current, and passed correction is at the same angle. Thus a line is shared among both...
By looking at the past we can quickly learn to predict bitcoins next move. In this situation we see a correction that is following a similar pattern of percentage decrease, before regaining its footing...
By timing the intervals between corrections and decline rate, we can judge where a new correction will form. Note: Bitcoin is currently moving oppositely to Bitcoin cash, so keep an eye on both of them.
Profit from the positive corrections on bitcoins descent. This is done by timing correction numbers, and ending rates between them. Note: Bitcoin is currently moving oppositely to Bitcoin cash, so watch that also.
Follow the yellow line to track where each decent is finishing.
As you may know bitcoin is a very volatile currency. Although it tends to be predictable, simply from looking at previous movements, and ground points, we can judge and estimate how bitcoin will trend during its path to 8k. Please remember that you may need to refine your day trading strategy as price increases, as many long traders have set a majority of their...