Harmonic trading
Just like in music, 8 notes (A-B-C-D-E-F-G-A)... an octave.
I don't know if my chart will align properly, but here is the idea. Bitcoin started its latest move from 10,625.00 (bottom yellow line) and should make a u-turn around 15,625.00 (gray line at the top, just above the blue line). That's a full octave. Prices tend to turn at this level.
Just an idea.
Good luck!
Just like in music, 8 notes (A-B-C-D-E-F-G-A)... an octave.
I don't know if my chart will align properly, but here is the idea. Bitcoin started its latest move from 10,625.00 (bottom yellow line) and should make a u-turn around 15,625.00 (gray line at the top, just above the blue line). That's a full octave. Prices tend to turn at this level.
Just an idea.
Good luck!
Commentaire:
Wish I made this a 15 min. chart, because it shows we hit 15,625.00, retraced to 14,500.00, then shut up to over 16,250.00, and, as promised, mooned to almost 20K.
Wow, what a ride. What's next, parity with Dow Jones Industrials? 25K?
Wow, what a ride. What's next, parity with Dow Jones Industrials? 25K?
Watch for these 2 levels: 15,625.00 and 16,250.00.