Bitcoin BTCUSD - Crazy Idea (that's a little bit plausible)
I don't expect anyone to actually trade based on this, but so many things lined up I thought I'd share.
Developed this idea when I went back & revisited my Bullish Wolfe Wave idea and set it to log scale & it matched really well with my Cup & Handle idea, AND seemed to match really well with fibonacci scales I was drawing. I'm not saying I think this is how everything is going to play out, but...I have to say, it actually doesn't seem like a totally unreasonable scenario...
Who knows?
In any case, please don't go 100X long with your life savings because of this idea. It could do a major retrace at any moment, we're flying pretty high right now.
Developed this idea when I went back & revisited my Bullish Wolfe Wave idea and set it to log scale & it matched really well with my Cup & Handle idea, AND seemed to match really well with fibonacci scales I was drawing. I'm not saying I think this is how everything is going to play out, but...I have to say, it actually doesn't seem like a totally unreasonable scenario...
Who knows?
In any case, please don't go 100X long with your life savings because of this idea. It could do a major retrace at any moment, we're flying pretty high right now.
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Forgot to point out that the crash to retest the top of the channel would also be a 50% retrace.
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DAMN, this is looking pretty spot on at the moment haha
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Well I was a fibonacci level off and a month early, but in principle...I'm pretty proud of this prediction so far! June crash, channel test (didn't QUITE touch down but it was close!), segwit (don't want to jinx it, still 53 blocks until it's locked in...) liftoff from segwit, so far so good...
