BTCUSD Forecast using previous cycles... [UPDATE]
This update adds some detail to my previous analysis. (This is a log chart on the 1-week timeframe.)
I am not making any price predictions, I am simply pointing out the price to look for to start each month if the current price trajectory is maintained.
If you didn't see my first analysis, the estimated dates for the current cycle high and low are simply derived from the average number of days to those points in the first two cycles. I believe that the date for the current cycle high should be pretty close, given that it coincides with both the current price trajectory, and the ATH resistance extrapolated from the previous two cycles.
No indicators were harmed in the making of this analysis.
This is not investment advice. (Though I can't imagine why anyone would sell their BTC at current levels.)
1EyuDvxWv2AkJEr4nhnyBtJtXn5rHJ3bDB
I am not making any price predictions, I am simply pointing out the price to look for to start each month if the current price trajectory is maintained.
If you didn't see my first analysis, the estimated dates for the current cycle high and low are simply derived from the average number of days to those points in the first two cycles. I believe that the date for the current cycle high should be pretty close, given that it coincides with both the current price trajectory, and the ATH resistance extrapolated from the previous two cycles.
No indicators were harmed in the making of this analysis.
This is not investment advice. (Though I can't imagine why anyone would sell their BTC at current levels.)
1EyuDvxWv2AkJEr4nhnyBtJtXn5rHJ3bDB
...right on track.