RE: It's Time for an update.

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It's Time for an update.

in cryptocurrency •  7 years ago 

Is there a chance to break to the upside at wave X, or is it most likely gonna make it down again for the Y. most ppl seem to have the lines drawn in a symmetrical fashion from the low, your red lines are parallel going downward, it seems you are expecting one more touch to the top of that channel and one more touch on the bottom to end that 'super cycle IV', after that would be the next bull cycle assuming no major breakdowns? thanks for the update!

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  ·  7 years ago (edited)

probably most ppl do not realize that a symmetrical triangle that follows a falling wedge implies an "abc"formation with targets of wave "c" well below zero.
https://www.mql5.com/en/charts/8742786/btcusd-d1-simplefx-ltd

Long time no see. Holidays?