As you can see there are various lines on the graph but I will highlight what they all mean.
Top Red: Over bought Bubble In between the Bottom Red Line and Pink Line it is a healthy run up to 100k+ If it trades below the bottom Red or close to it, is a strong buy If it trades along the green we are good to go. I have mapped out in horizontal blue lines the major support and resistance at each price level
Don't criticize me too much as I am only 3 and 1/2 months into TA but always love feedback ;)
Nice work, thank you. Problem is that due to BTC halvings every four years and incredible speculation and obvious market manipulation, BTC doesn't play by normal rules. If I had to guess, I'd say that the TA "correctness" rate here is no better than 50%, although as in any market, if bets are sized properly tons of money can be made even if only, say, 30% of bets are winners. They just have to be one's biggest bets.
Mattysalads
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@theworldinscents well we do have usd hyperinflation which will pass onto btc’s value during this bull run. I personally think minimum is 300k, top is 800k for EOY. Once we hit a trillion market cap than many more investors will come into the space due to the rule of a min market cap of $1 trillion to invest.
RagingBull6969
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@theworldinscents, It is Quite incredible and I believe we will see a huge financial pandemic in the next few years.
MartyBoots
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