It's always hard to figure out where bitcoin is heading so i have added short-term charts here
https://bitcointalk.org/index.php?topic=5254210.0
If it does dump which the short-term charts show is likely to happen then this EW theory will also take place
A quick upside to $14k once the $10k barrier is breached so tethering at the right time is going to be challenging
Yes it's linear, I'm using candlesticks and then zooming in and out on certain months to get the right range of patterns. Not that there is any pattern that is is always right, but it's one of several indicators that can help
https://bitcointalk.org/index.php?topic=5254210.0
If it does dump which the short-term charts show is likely to happen then this EW theory will also take place
If bears win the short term battle and break the weekly uptrend (below $8,600 or ideally $8,100) that's a likely confirmation that Wave D is complete. Per EW rules, Wave E should either be a zig zag or a contracting triangle, so I like the OP's idea of a "triangle within triangle" into the end of 2020.
Neither until $10.5K or $8,600 is broken with authority. This range loves to troll, trapping traders in both directions. I am not trading much at this point. Too unpredictable.
Neither until $10.5K or $8,600 is broken with authority. This range loves to troll, trapping traders in both directions. I am not trading much at this point. Too unpredictable.
A quick upside to $14k once the $10k barrier is breached so tethering at the right time is going to be challenging
Using a log chart I see the long-term downtrend line as different, but similarly that we have arguably closed above it and holding support. But this is purely on the basis of price not breaking down and the downtrend resistance merely shifting (as it has done so already in my opinion with the previous $10K breakdown). Is yours a linear chart btw?
Yes it's linear, I'm using candlesticks and then zooming in and out on certain months to get the right range of patterns. Not that there is any pattern that is is always right, but it's one of several indicators that can help