I refined the same two (2) graphs and imposed parallel ranges on key levels with arrows indicating rhythmic breakout patterns.
To hone in on the overall pattern for FY 2018, I pulled a monthly snapshot with 30 minute increments to further highlight my projection of BTC/USD rather than a yearly "overall" to convey how BTC is being deflated one semi-drastic price action at a time when high volume hits various exchanges. I formulated my own fib levels with units of "100.00" rather than using...
The first chart of Bitcoin I posted was was an overall look at the speculation bubble that BTC was and still is today. For FY 2018, BTC/USD is on a downtrend. As Indicated in my handle, I'm a fan of the Fibonacci number sequences in general; however, I formulated my own "compacted" version of the sequence using units of measurement of "100.00" rather than the...
I'll write analysis on my next chart.