Understand, I have 0 experience. This chart shows my personal prediction of events to come for bitcoin until around June.
I understand the taboo nature in this realm of such a long term prediction of events. But I hope to get many chuckles at my attempt here. But hey.. This is what life is about.. Trying new things. Even if you suck at it and have no idea what you are doing.
This is just for fun. This scenario I depicted is my idea of what will occur with bitcoin into June, and i have 0 evidence to back this up. Just guessing.
I am hoping we go into a full fledged bull run. This scenario hinges on this fact.
I made the red lines to find common (peak and valley) data points that have the best line of fit in the full model. Then added geometric shapes to the mix.
I feel like we will complete the inverse HS pattern (in bold black), then break out above 12-12.5 (start of blue).
Begin a transition/holding pattern right into another inverse HS pattern (in blue), testing resistances at (12k, 13k, and 14k) but eventually making it to around 15k.
This is where I stopped, i had no idea where to go next ..
Take this with a grain of salt. Chances are I am 99.97% wrong. But I feel like I deserve the 0.03% chance..
I like the editorial. Well spoken. I like even more your prediction. Less than 2 months ago I made my fist chart it was NULS. I have learned a lot since then and within the scope of what I need to learn it's one small step up the long way to the top where I want to rock and roll. :peace:
Glitch420
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@farmingfreedom, appreciate the kind words. When i made this one in particular It was 100 percent guess.
two months later of devleoping my algorithm .. i look at this today and was like hold shit. it is going to play out..0_0
The top chart the most newest one is the current status.. will come back in a month and check on it :)
It is a learning curve designing your own TA system :) cheers!