I'm posting this as a semi-biased ADA holder, but I do see something here. Logarithmic all time chart of Cardano. The Handle is just about done with a full retest (which sits around .77). I will probably move on if it cant hold that level but I got in pretty low. Still optimistic, so if anyone's going through it... maybe this is the hopium you need! Safe trading everyone!
This channel tracks back to the start of 2013. I'm not saying it's foolproof, but it has been somewhat reliable as a possible range for which bitcoin operates in. We have yet to get a touch of the 2.618 fib in this cycle. Whether that be due to diminishing volatility as the price appreciates and as time progresses... or if we simply have not concluded the entirety...
Check this out. Here we have an inverted DXY chart overlayed with Bitcoin. Both of these are on a logarithmic scale, using a 90 period correlation coefficient. Weekly chart helped me with intraday volatility and using longer period lengths helped paint a clearer picture for the overall trend. I believe the US Dollar is nearing it's 4.236 fib which is hovering...
All I did here was clone the far right diagonal trendline and overlayed it to all previous downtrends in this cycle. Not jumping the gun on this but I mean wow. Big move coming one way or another. Would love to see it to the upside.
Love messing around with logarithmic charts. Here you see the lifecycle of #Bitcoin overlayed with all halvings. Assuming the #BTC bull run progressively disassociates from 4-year cycles, I believe we are near bottom from an empirical trend basis and heading back on up! 5/20/22?
