It's always a shakeout...

2024年12月17日

This is just to shoutout the mighty pitchfork. It's a great tool on the shelf. Somewhat subjective use at times but it's a good trend predictor. Failure to hit the median line (yellow) sets up a move in the opposite direction. This median line is quite well reached and the trend is well intact. The rsi has until about the low 80s before it stops diverging but anything is possible. And of course Bitcoin loves a shakeout.

2024年12月17日

註釋

The anchors on this are the 2nd lowest pivot on the daily time frame at the beginning of the 9th swing overall. The 2nd and 3rd anchors are the termination points of intermediate waves 1 and 2 as per my interpretation of the count.