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Coin of coins Bitcoin is coming to a decision point in the 'science' of technical analyses.

12 months chart shows us the decision point is very near. Although, if we would be very precise, the value came down of the lower resistance line "B" and may have broken it.

6 months chart: line C and D shows us a nearby decision point as well.

4 months view: the charts - line E and D - also gives us a decision point, however we still have some time to go.

_{image by @edje | Bitcoin US$ values - 12 & 6 months}

What happens at the decision point?

All uncertainties: Did we draw the lines correctly? When so, what lines do we believe in?

Technical analyses may direct you in a direction; But is it?

My view: At any point in time the direction of the value of an asset can go any way.

Technical Analysts view: Elliott Wave analyses is a method that can predict a breakout of an asset; Counting of the Waves shall be done correct though.

But what is correct counting?

Applying such methods to historical graphs, we generally get this "owww yes" effect. But looking into the future, anything can influence the direction. What if some time after predicting the value of the asset goes up, someone brings some important negative news? People will start selling, selling and selling - certainly in crypto space - instead of buying. It may take weeks, or months, or longer to crawl up again. However, the theory is that Elliott Waves encompasses these sudden events and market/news influences.

I didn't use the Elliott Waves in the diagrams above; I simply used the triangle method. With such method - as far as I understand - decision points can be determined. At such decision point, either the value of the asset goes down, or up. I would add sideways direction to up or down. But I seem to be able to draw different triangles; So which to choose?

This brings us to the following conclusion:

At any point in time the value of an asset can go somewhere between sudden large increase, to no change, to sudden large decrease. In short: it can go any way at any time.

What Do You Believe In?

^{Disclaimer: None of the information provided in this article is to be regarded as financial advise. All information, analyses, conclusions are for entertainment purposes only.}

^{blockchain curator and reviewer for @illuminati-inc
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