AR coin analysis

Analysing the money flow patterns and supply and demand concepts in order to plan for a long trade in the Bitcoin market. Views: 88

The Principle of Proportionality states that a cycle’s price movement is broadly proportional to its wavelength. For example, a 10-week cycle should typically produce a larger move than a 5-week cycle. Why does this matter? • It helps us understand the underlying market condition. • It allows us to analyse the phasing and identify the…

The Bitcoin market followed the forecast will a rally from March into mid May where it stalled at 83k (the Q on the 1:1 extension on the SR). That likely sets an intermediate top. Ethereum had a negative break on the 12th May and that is a warning for the cryptocurrency sector. The analysis suggests…

Silver decisively broke higher suggesting that the intermediate pivot is in place. The daily chart is very positive and the contract looks likely to move towards $38. The silver miners are also in very positive conditions. The chart has positive money flow patterns and key levels flipping into support followed by explosive moves higher. It…

Applying the Principal of Proportionality and Summation to the crypto currency market in order to understand the context. Views: 99

Momentum in the Bitcoin market is still strong and the money flow is positive and BTC appears to be flagging in to the daily pivot. The bias continues to favour a mov higher into late June or July. The next target based on the pitchfork and Fibonacci expansion is around $118,000 – $120,000. A break…