The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
When...
checking back in after last nights video. Had one winner (KEYBTC) with a nice 15% profit. MFTBTC im still looking at... probably on wave 4 still idkkk. still new to elliott waves so if you have any advice/tips.... shoot 'em!
An analysis on BTC and AMD today with an overview on some interesting features on WAVE PM that allow for predicting large moves before the range even breaks!
Some very powerful tools and paradigms are at work here, if you'd like to learn more about the indicators do follow the links in the signature.
As predicted, compression has ended today and a new upward trend is being defined on bitcoin. It's a clean chart with defined pivots, have fun trading it!
Defining trend on the daily chart in order to better understand the expansion and compression of all distributional periods on the shorter timeframes is very effective!
We'll see the beginning of a new short term trend as soon as we break out of the 1h 180 1.25 standard deviation.
There is an almighty squeeze in momentum in the last month after price has contracted into a powerful zone of support.
So - the big issue is South or North? There is tension in the air. Everybody know that something is about to happen! When is the big question for everybody. Well, we cannot predict the future.
For me it is about a strategy to catch BTC on the...
