Bitcoin has spent 2015 in a sideways consolidation. A look at the Litecoin price chart sheds some light and shows up a lot of noise that had been distracting exchange chart investors for the past 10 months.
Bitcoin Price Analysis
Time of analysis: 15h36 UTC
LiteCoin 4-Hour Chart
From the analysis pages of xbt.social, earlier today:
xbt.social member S, suggested I take a look at the Litecoin chart. The chart view irons out some of the noise evident in the heavily manipulated bitcoin chart.
The wave structure for 2015 is clear and conforms to Elliott wave principle in a manner that is a relief since the bitcoin chart is often so distorted that it would be reasonale to assume Elliott wave does not apply to it. In the context of the