TAO: Missed out on Bitcoin? TAO following 2023 Bitcoin Playbook

4月24日

Not only does Bittensor share similar tokenomics with Bitcoin, but Bittensor's current price action also resembles 2023 Bitcoin's price action (Bitcoin ETF HYPE Mania).

1) Both Bittensor and 2023 Bitcoin completed a 5 wave impulse followed by a 3 wave correction
2) Both Bittensor and 2023 Bitcoin bottomed at the white 1.618 trend based fib extension
3) Both Bittensor and 2023 Bitcoin on the Weekly RSI Indicator are forming Hidden Weekly Bullish Divergence where price made a higher low but the RSI indicator is printing a lower low.

I'm not committing to any price targets since Bittensor is still a relatively new coin (Huge Market Cap already). I'll commit to price targets when I see more price action. Right now expecting TAO to hit the white 1:1 extension @ $4,346.75. Honestly, if this is a 1-2 setup or a 1-2 1-2 setup (Microstructures on TAO look very ugly), Bittensor should easily break above $4,346.75.

4月24日

交易進行

TAO/BTC 3 wave correction most likely complete. TAO/BTC also trading in a bullish descending channel. Crypto is getting VERY exciting. I'd put TAO one tier below LINK/BTC/XRP

5月11日

註釋

Next major pivot for TAO is @ $494.98. TAO is already trading inside a golden window between the blue 0.618-0.786 fibbonaci retracements. Therefore, any triangle wavecount imo is most likely invalidated. Sticking with the 1-2 setup