Another attempt at Hurst analysis.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help with that.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help with that.
Comment:
Update to my cycles and FLDs.
I expect few more days of sideways, with a bit of down to a 10D trough (not marked since it is hard to pinpoint them on 1D chart). After that it is bulltown central. I don't expect it to go above 8k, but we will see.
Target is a bit higher as well
Update to my cycles and FLDs.
I expect few more days of sideways, with a bit of down to a 10D trough (not marked since it is hard to pinpoint them on 1D chart). After that it is bulltown central. I don't expect it to go above 8k, but we will see.
Target is a bit higher as well
Here is a picture where text and price is clearly visible.