Harmonics do work on BTC
I tried the harmonic EW on makro BTC picture and found some pretty consistent patterns.
For exaple: The third wave of last wave C in bull markets tend to be very over-extended and stall around the 4.618 extension level and 0.236 level on the fib channel (which I mainly use as parallel trendlines but it is interesting nonetheless).
Both Bull and Bear markets develop in three waves.
It takes about 650-800 days to complete the Bull market.
The last wave C tends to extend to extreme levels (last two bull markets: 46.981 and 29.036).
If those patterns are to hold true, this rally could take this asset up to $325 000 by early December.
Notice, that the current correction is not finished yet...
For exaple: The third wave of last wave C in bull markets tend to be very over-extended and stall around the 4.618 extension level and 0.236 level on the fib channel (which I mainly use as parallel trendlines but it is interesting nonetheless).
Both Bull and Bear markets develop in three waves.
It takes about 650-800 days to complete the Bull market.
The last wave C tends to extend to extreme levels (last two bull markets: 46.981 and 29.036).
If those patterns are to hold true, this rally could take this asset up to $325 000 by early December.
Notice, that the current correction is not finished yet...
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.