This chart is identifying an inefficient market, the arrows indicate high probability, low-risk entry/exit levels should price happen to go there.
Yes, this chart shows it goes as low to 3K and yes, you should prepare for any weird and wonderfully deep, fast movements by placing buy orders as low down as $500. Price may not get there but prepare for the extreme and you won't be surprised, you'll be rewarded instead.
Fractal supply and demand based on inefficiencies within the BITCOIN/USD market.
Additional chart with HMA(208) and MA(208).
Yes, this chart shows it goes as low to 3K and yes, you should prepare for any weird and wonderfully deep, fast movements by placing buy orders as low down as $500. Price may not get there but prepare for the extreme and you won't be surprised, you'll be rewarded instead.
Fractal supply and demand based on inefficiencies within the BITCOIN/USD market.
Additional chart with HMA(208) and MA(208).
Comment: