Based on 20 days long Bollinger Bands (which is basically a price-moving averages +- standard deviation) and based on supersimple price/time linear regression: my entry zones are the two quadrilaterals (numbered "1" and "2" on the chart).
I expect BTCUSD to fall into area "1" approx by 11th of March (+-12days), if not, then my next entry area is "2". (Why do I think it is going to fall? Besides Coppock (at the bottom), take a look at basic weekly indicators! Yet on the extent/angle/aggressiveness of the falling I have no idea.)
This is not a trading advise, just a biased idea of a non-pro! Calculate risk, don't risk more that you can afford to lose, avoid FOMO, use stops and have fun!
Criticism/comments welcome! (e.g. what do you think will we enter into "?"-land? Or if you think an uptrend is coming, would u reason it for me? Might be, just I cannot see it coming.)
Ciao
Trade active
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trade is active, but recent news and weekly data somewhat modified my entry-lines :
Order cancelled
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Based on recent events I think it is likely that BTC enters into the "?" zones, so I will do a recalculation.