Price action relative to inflation halving Here is a Copy of the Chart: gview.com/chart/9soG0Sv6/
This Bitcoin Deflation Calendar used the Rainbow Stock to Flow indicator by @GoldenNaim. Hope this proves useful and something you all enjoy coming back to over the next few years.
My previous chart may have been too conservative. Now that this correction appears to be coming to a close, chart needed some adjustments. I compared length of Sub Wave-1 to Grand Wave-1, and then compared Grand Wave-1 to the same trend based fib level ( -/+ 5.000 ) to find the top of the Completed Grand Wave. This might be a cash cow for alt season. We shall see.
Fibonacci / Elliott Wave strategy forecasting a 451% move ($7.71) for ALPHA. 24h Low / 24h High $1.51 / $1.78 Market Cap $386,687,274 24 Hour Trading Vol $248,685,514 Circulating Supply 250,153,035 / 1,000,000,000 Fully Diluted Valuation $1,545,802,846 Max Supply 1,000,000,000 Total Value Locked (TVL) $750,712,978 Market Cap / TVL Ratio 0.51 Fully...
Fibonacci / Elliott Wave strategy forecasting a 285% move. I have no opinions. Just charting to the textbook. Like and share!
This has potential to rise to 9150-9250 zones if there is a bounce off $9021, Before falling to retest around 8400-8650 range.
This is not investment advice. I suggest price could reach 9700 this month based on elliott wave principles in conjuction with Fibonacci Retracement levels. likely a 50% return, then a small draw back, and a final run to the 61.8% mark. After that.... it is unclear. With it being an election year, Corona Virus going around, BTC Halving in May, and the Highetended...
So far so good. Prediction from last post is holding up. Interest to see what happens next. Will we make our up swing?
I stare at this thing all day long at work, and Im sensing we have a chance to ride a profitable upswing. likely $8955-9100. by end of day. Possible surge at 6:00 am with a correction. To gently land our week's down trend, and begin an ascent. for march
Read An article on the Golden rule. applied it to High Low Triangulation and am seeing some interesting mapping. My prediction here: