I charted this on 20 May and had not looked at it since. What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ? If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future...
This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective. BTC failed to break its resistance - indicating an inevitable downward movement. Then came Elon's tweet, catalyzing the downward momentum. I don't really think his tweet had much to do with this drop as TA already told us...
Attempting to map out a potential accumulation for ETH. I would expect it to trend closely with my mapping of BTC Wyckoff accumulation (linked below), but the timing seems to deviate. I see the crypto market dropping to test the pervious lows once more before continuing a bullish momentum for the next few months. Comment your thoughts bellow
(A followup from my previous idea linked bellow) I believe this scenario to be less likely than my pervious idea but am posting it hoping for feedback. This is a second idea still keeping to Wyckoffs accumulation schematic. It may be possible that the accumulation period is shorter than I stated in my previous post. Changes: I've moved ST to just below AR....
This is my first time publishing an idea. I've been reading on bear patterns and came across "Wyckoff Acccumulation Schematic" on google images. I've attempted to forcast according to Wyckoffs schematic. I suggest googling it to compare it with what I've drawn. From my understanding, accumulation patterns precede a a large bullish momentum - so I see BTC...