Two altcoin cycles in 1 BTC cycle.
Read the chart in log scale
1. The bottom on btc precedes the bottom on altcoins.
2. The top of the first cycle can be determined by external measurement of 127 and 161 of the downward swing.
3. A LARGE CORRECTION ON ALCOINS ALWAYS ENDS AT 78.6 FIBO OF THE UPWARDS SWING in linear scale!!!
4. In the last 5 years, we have been held by a trend line on the log scale - it works great even on a 1-day chart.
5. Around the breakout of ATH on BTC, we have the 2nd cycle of altcoins, which ends at 161.8 fibo. Level 127 means a large correction on the entire crypto!!!
Will my chart work this time? Nobody knows.
Read the chart in log scale
1. The bottom on btc precedes the bottom on altcoins.
2. The top of the first cycle can be determined by external measurement of 127 and 161 of the downward swing.
3. A LARGE CORRECTION ON ALCOINS ALWAYS ENDS AT 78.6 FIBO OF THE UPWARDS SWING in linear scale!!!
4. In the last 5 years, we have been held by a trend line on the log scale - it works great even on a 1-day chart.
5. Around the breakout of ATH on BTC, we have the 2nd cycle of altcoins, which ends at 161.8 fibo. Level 127 means a large correction on the entire crypto!!!
Will my chart work this time? Nobody knows.
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