I've been hesitant to try TA on Bitcoin. With the institutional interest growing over the last year I haven't made very many good calls, so this idea is entirely for entertainment purposes. I hope it generates some comments and conversation more than anything.
I put a horizontal ray near $41000 after it switched from resistance to support in early January, mid-June, and again in late September.
I'm still learning the vast complexities of Elliot Wave Theory but at first glance this is what I think is going on.
I put a horizontal ray near $41000 after it switched from resistance to support in early January, mid-June, and again in late September.
I'm still learning the vast complexities of Elliot Wave Theory but at first glance this is what I think is going on.