Bitcoin investing plan from April 10th 2018

in cryptocurrency •  6 years ago 

This was my chart for April 10th this year. The formation of price (yellow line with numbered transitions) was pretty dead on but the level has been off by about $1500 on the downside. This is of no issue to me because my studies of cycles, formations and fractals are NOT about predicting price nor time. They are about contemplating possibilities, probabilities and what I would do for each possible path.

Here is what my April 12th update was based on this chart:

"Update on my current plan. My assumption as of now is that regardless of how we get there we are heading to some type of BTC capitulation then accumulation phase for BTC and Alts. If BTC breaks above the 12k area and finds support there I will then re-evaluate my plan. Other wise I will only buy in on anything after a BTC capitulation. "

https://www.coinigy.com/s/i/5accf4193e11c/

Screen Shot 2018-09-07 at 12.24.18 PM.png

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