Hi guys!
I traded BTC quite a long time and found the following trend: changes in the BTC exchange rate are often continued by the waves. Usually, there are three waves with attenuation (the first is the most powerful, the second is smaller and the third is the residual, when the exhausted market is trying to move in the same direction, but there is not enough strength to break through). The more timeframe, the more clearly this tendency becomes noticeable.
At the time of writing the post for the pair BTC / USD can observe the completion of the next cycle and fall of the angle of incidence, which may well indicate a future trend change (the timeframe in the figure is 12h):
What are your opinions on this matter? What prospects do you see? How will this affect the whole of the crypto currency market?
If this trend keeps going like that, it is too obvious that it will going to fall straight to some several levels of dollars. I wonder when will it going to bounce back at the top, everything was slowly dropping and yet some are slowly rising. It's hard to see a steady growth when there is too much alteration of the market that could cause the price to behave like a downward slope.I traded BTC quite a long time and found the following trend: changes in the BTC exchange rate are often continued by the waves. Usually, there are three waves with attenuation (the first is the most powerful, the second is smaller and the third is the residual, when the exhausted market is trying to move in the same direction, but there is not enough strength to break through). The more timeframe, the more clearly this tendency becomes noticeable.
At the time of writing the post for the pair BTC / USD can observe the completion of the next cycle and fall of the angle of incidence, which may well indicate a future trend change (the timeframe in the figure is 12h):
What are your opinions on this matter? What prospects do you see? How will this affect the whole of the crypto currency market?