Harmonic trading Just like in music, 8 notes (A-B-C-D-E-F-G-A)... an octave.
I don't know if my chart will align properly, but here is the idea. Bitcoin started its latest move from 10,625.00 (bottom yellow line) and should make a u-turn around 15,625.00 (gray line at the top, just above the blue line). That's a full octave. Prices tend to turn at this level.
Just an idea. Good luck!
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However, I forgot to mention, if the upward trend started at the red line at 11,250.00 (which it might have), then the absolute top for this run should be just bellow 16,250.00. This top should not be violated, because if it does, BTC will seriously moon.
Watch for these 2 levels: 15,625.00 and 16,250.00.
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Wish I made this a 15 min. chart, because it shows we hit 15,625.00, retraced to 14,500.00, then shut up to over 16,250.00, and, as promised, mooned to almost 20K.
Wow, what a ride. What's next, parity with Dow Jones Industrials? 25K?