Simple & Easy Observation using by TimeCycle on a Bitcoin chart.
A TimeCycle is an event, such as a price high or low, which repeats itself on a regular basis.
The Bottom-Out over the Bitcoin, The chart below shows a cycle with a length of 66bars.462days.
The TimeCycle started from Dec2017 to June 2019 which has a length of 80bars, 560days, and the respect of this statement - Next Top should be January 2021.
Conclusion: Long is risky for Jan and Feb for traders.
Important Ratio of Harmonic Pattern:
The Bottom-Out over the Bitcoin, The chart below shows a cycle with a length of 66bars.462days.
- => Let's just assume logically, where is the TOP-OUT?
The TimeCycle started from Dec2017 to June 2019 which has a length of 80bars, 560days, and the respect of this statement - Next Top should be January 2021.
Conclusion: Long is risky for Jan and Feb for traders.
Important Ratio of Harmonic Pattern:
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Publications connexes
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.