So this path marks out a prediction for BTC over the coming weeks. It's just an idea I'll be following and refining if it continues to be confirmed.
The underlying ideas are the following.
- BTC is having a predictable relief rally after crashing off it's ATH.
- Using BTC's past behavior with bars patterns and market psychology I found the bones for these moves
- I used and will continue to use several other points of confluence including a high time frame logarithmic chart that has been useful in predicting macro moves.
- The timing and strength of these moves are also based on my read of the strength of the USD over the coming months.
- I do not believe any of this is written in stone. It is just a potential path and is completely subject to varying conditions. The most impactful, I believe would be the money
supply. I think regulatory concerns and tweets from Elon Musk, etc.. will be used to explain these kinds of moves but are really irrelevant to the dynamics.
Feel free to contact me if you'd like to see more of the analysis. I only used this pitchfork here to help with the visualization and it is a secondary point of confluence.
You can see the link to a similar earlier Idea linked below. As you can see it was too soon and invalidated but the general notion was still, I believe, valid.
Happy trading :)
The underlying ideas are the following.
- BTC is having a predictable relief rally after crashing off it's ATH.
- Using BTC's past behavior with bars patterns and market psychology I found the bones for these moves
- I used and will continue to use several other points of confluence including a high time frame logarithmic chart that has been useful in predicting macro moves.
- The timing and strength of these moves are also based on my read of the strength of the USD over the coming months.
- I do not believe any of this is written in stone. It is just a potential path and is completely subject to varying conditions. The most impactful, I believe would be the money
supply. I think regulatory concerns and tweets from Elon Musk, etc.. will be used to explain these kinds of moves but are really irrelevant to the dynamics.
Feel free to contact me if you'd like to see more of the analysis. I only used this pitchfork here to help with the visualization and it is a secondary point of confluence.
You can see the link to a similar earlier Idea linked below. As you can see it was too soon and invalidated but the general notion was still, I believe, valid.
Happy trading :)
