/biz/ - Business & Finance

>>15130036
BTC
Stop loss: ~10.2k<

White Time Cycles (Half Circles):
To give relative index to, the time periods between, BTC's consolidation and growth

Black Sine Lines(Lines Intersection with Time Cycles From Bottom To Top Of Chart):
To show an index to "Growth Potential" of BTC during those Moments of consolidation/ growth (Sine is based on October lows in 2017 and highs of 2017)

White Inverse ABCDE Elliot wave (Marked A,B,C,D,E On The Chart):
If BTC can't break the channel upward after reaching ~11.8k Resistance Line

Black Elliot Impulse Wave (Marked 1,2,3,4,5 On The Chart):
Most likely going to see sideways movement for a long time from BTC .

On the long scale view the Sine Lines have been acting as a "Time Cycle" (periods of repeated Consolidation and growth), when viewed closer BTC has been following the same Time Cycles/ Sine Line trend pattern since BTC's beginning.
On the long scale view the Sine Lines have been acting as a "Time Cycle"

Changing my position to Bullish as we target to break the ~11.8k Resistance Level.

Currently:
Btc Currently bullish if the daily candle stick closes above ~11.7k- 11.71k support line.

Should stay on and retrace back into the black 12345 elliot impulse wave.

>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to ~11.65k we should see strong signs of bullish divergence.

I expect bounce up from here, before re-entering triangle channel/ re-test White zone if we break again its a good sign we are pulling back up

white arches are cycle time and we are currently in a bullish cycle
in long term view the Black sine lines have been acting as larger Cycle time as well which is bearish.

>but also in terms to the sine line "Not its cycle time effect" is currently showing bullish divergence/ a parabolic movement outside the Sine lines

>most likely going to bounce in current Pitchfork (the channel continually touching with the 12345 Elliot impulse wave).

Btc Currently bullish if the daily candle stick closes above ~11.7k- 11.71k support line.

Should stay on and retrace back into the black 12345 elliot impulse wave.

>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to ~11.65k we should see strong signs of bullish divergence.


>Screen cap this

Call me a brainlet but my charts are functioning