BTCUSD analysis, 190916. Long in short term, Short in long term.
I'm not going to ignore your opinions on BTC, but from my long-term perspective, I think that BTC's flow could flow like this. Because the three weeks stochastic has made Dead Cross, and the 5 day MA line is also making a downward curve. In addition, 1 week candle is also located below the 5 day MA line. It seems to me that all indicators and signs tell the beginning of the decline.
I think that Elliott waves and pennant patterns are nothing more than trends. I have seen so far in the charts that a certain shape wave or shape always have not produced the same result. I think the important thing in the chart is to know where the wave and shape were made and where the flow of force is headed.
It was my opinion based on my experience.
I think that Elliott waves and pennant patterns are nothing more than trends. I have seen so far in the charts that a certain shape wave or shape always have not produced the same result. I think the important thing in the chart is to know where the wave and shape were made and where the flow of force is headed.
It was my opinion based on my experience.
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My prediction can be wrong. I know it well. But what I want to talk about here is not a rise or fall in BTC prices. The flow of the market is not to be predicted and asserted, so we need to keep an eye on the flow, and if we have made a decision, we must continue to doubt our own judgments and predictions. I think everything depends on the will of the market.