Loading ...BitCoin & Cryptos to new ATHs?
Cycle analysis meets Elliott Wave projections. Bitcoin very likely found a major low (ICL) this week at $7,400. Price closed on Friday near $8,300 and has surged overnight in an initial impulse move to $10,600 before pulling back to $9,200 currently but I have it on just Day 3 of what is likely a new Intermediate Cycle. The move from $7,400 to $10,600 was one of the top 3 Daily price gains in BTC’s history. My Cycle work also shows that the Dec 2018 ICL was also a 4 Year Cycle Low and either an Elliott Wave 2 or, more likely, a Wave 4 low.
If correct, the party is just getting started and both methodologies are projecting new ATH’s before the next 4 Year Cycle tops. Please see detail in my 5 Year BTC & GBTC Weekly charts which show that we are less that one year into a new 4 Year Cycle.
Do you have a seat on the Bus?
https://goldtadise.com/?p=450878
Do you have a seat on the Bus? By any chance is that the next bus to Las Vegas?
I do have seats on the Bus and consider Bitcoin just another chart to be analyzed and traded against, especially when it finds a major low (ICL). From mid-2016 to late 2017 (I called that Top in Dec 2017 as it was in a parabola) but prior to the parabola breaking, BTC went from $200 to $19,800. Where else can you get that kind of price action??? Broken Parabolas usually correct about 80-85% of the move which = $3,400 which is very near where I started layering in positions into that 4 Year Cycle Low (based on my Time & Price models).
I sold near the double top in late June 2019 as price had moved from $3,400 to $13,800 into that Cycle High. Again, where else can you get this kind of Impulsive price action?? I have waited patiently for this major Low and started buying seats on the bus a couple of weeks ago based on the bottoming action I was seeing (most on this board were saying it was headed much lower). I feel I am well positioned for the next leg up. 😉
Remember that my Cycles methodology works well on all assets so its not just a “one Trick Pony.” I also trade Gold & PM’s and got out near the exact top in early Sept with some very nice profits.
https://goldtadise.com/?p=449118
Yes Surf City Cycles is THE best Cycles analysis on the www.
Why wouldn’t any serious trader subscribe ?
Time & Price baby. Time in combination with Price action. I feel my standard TA skills are very decent but I find Cycles to be extremely useful in timing my swing trades. No other TA technique that I know of accounts for Time-based cycle turns that I know of. 😉