Bitcoin/USD rate (Dec 2021)
Macro chart:
-Focus on volume data.
-Overlay previous cycle ideas to attempt to look for similar up/down PA activity, even if the levels will not match this cycle's.
To be explicit: I believe peaks and lows that will be achieved from now until mid-2023 are:
Low: $6,580 (+-25%)
High: $75,320 (+-7%)
My current belief is that price can continue to rise even while volume continues to dwindle, and will therefore bring us to $75k-$80k range (by approximately March/April 2022) BEFORE taking a good amount of time to drop to $6k ranges (around February/May 2023.)
I think what we are seeing right now is intense volatility before a final peak to get even more volatile to the downside.
As always, I can be very wrong at any moment as I keep trying to disclaim, just remember that before laughing at me too much. ;)
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Macro chart:
-Focus on volume data.
-Overlay previous cycle ideas to attempt to look for similar up/down PA activity, even if the levels will not match this cycle's.
To be explicit: I believe peaks and lows that will be achieved from now until mid-2023 are:
Low: $6,580 (+-25%)
High: $75,320 (+-7%)
My current belief is that price can continue to rise even while volume continues to dwindle, and will therefore bring us to $75k-$80k range (by approximately March/April 2022) BEFORE taking a good amount of time to drop to $6k ranges (around February/May 2023.)
I think what we are seeing right now is intense volatility before a final peak to get even more volatile to the downside.
As always, I can be very wrong at any moment as I keep trying to disclaim, just remember that before laughing at me too much. ;)
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
