My first chart was all about discovering repeating patterns in Bitcoin's price movements and I found tons of repeating patterns in my analysis. I started studying from right before the low of $2985 (I went long at $3327 BTW) up until our current situation. Im sure what I call certain moves is wrong, im not into technicalities but I would appreciate being corrected on the terms, so I can learn whats called what.
I made a prediction of where I thought the price would go and how this downward movement will play out based on previous movements, particularly the movement on October 23rd, as it was in a correction thats almost a mirror image of what were in now.
I made a prediction of where I thought the price would go and how this downward movement will play out based on previous movements, particularly the movement on October 23rd, as it was in a correction thats almost a mirror image of what were in now.
Comment:
Well I got the upward movement right! But failed the downward movement, it happened a lot faster than I thought, but it always does with BTC.
Comment:
Looking at it now I feel like I had the right idea, but the movement happened backwards of what I predicted.