Provide a link.
The graph was coming together with a text.
Wave A, where your DCA peaks, has already ended.
Few months ago you wrote that in this bull cycle, no ATM is expected. Assume the pic below is no longer valid?
crypto data wrote: ↑Mon Apr 24, 2023 2:13 pmWave A, where your DCA peaks, has already ended.
So wave B will end in October 2025?
This is the link for your original post page matearbusers wrote: ↑Mon Apr 24, 2023 3:10 pmcrypto data wrote: ↑Mon Apr 24, 2023 2:13 pmWave A, where your DCA peaks, has already ended.
So wave B will end in October 2025?
Let's not be deterministic. Something important will end in October 2025. If it is wave B (most probable) or anything else, will be told later.
Eleftherios wrote: ↑Tue Apr 25, 2023 5:44 amThanks for the flow of your updates. You talked about a 69k landmark that should be achieved near September 2024 and a top in mid to late October 2025 around 65K-80K. Although the price targets for both dates are close there is a year gap between them. Is that a subwave 4 or something else is in play?
Agreed about the indecision candle, we see Feb for instance wasn't a reversal candle, but if May is a big red candle that would be bad news since evening star patterns are quite powerfularbusers wrote: ↑Mon May 01, 2023 7:15 amWe had a monthly candle printed some hours ago. As you already know, the bigger the time frame, the better picture we have for the market. Because of the time depth of BTC, weekly candlesticks are the best to consider, however, a monthly candlestick should not be ignored.
April's candlestick is a text book spinning top candlestick. A spinning top candlestick is formed when the bulls send the price higher than the opening price, and then the bears push it back down before the market closes. A spinning top is a candlestick formation that signals indecision regarding the future trend direction. Similar to a doji pattern, a spinning top is considered a neutral pattern, although the majority of them will end in trend reversals.
Spinning Top Monthly Candlestick.png
So how do I handle this spinning top candlestick in todays circumstances?
Simply put, I will not trade it. I understand that most probably the next candlestick(s) will be red, and I am ready to stomach it (them) given that I do not lose my focus of the long term goal, which is to ride this BTC cycle.
In addition, the market is not giving me other signals that would build a strong confluence to sell anything. This indecision could very well end in a green month that would make me regret later. In the end, it is the man in the mirror I am fighting against.
And of course, do your own Due Diligence, this is not a financial advise.