Bitcoin was programmed to bubble up every four years, sucking in new participants to the network and ensuring steady adoption. Because the 2013/2017 tops and 2014/2018 bottoms line up so perfectly, using cyclical lines, I projected these forward, and crafted a pitchfork channel valid across both tops and bottoms. From there, I used fibs, diminishing returns and crashes due to lowering volatility over time as adoption takes place. This also means intra-cycle volatility is lower and therefore top and bottoms are less pronounced over time.
I hope to be able to check back in a decade and see if the path I have drawn was correct, and if I was able to retire early thanks to Bitcoin.
I hope to be able to check back in a decade and see if the path I have drawn was correct, and if I was able to retire early thanks to Bitcoin.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.