The majority of the market has no idea what is about to happen.
An alert I had set up some years ago went off recently, had no idea why it was significant until studying.
On the above 3-day chart the orange circles compare price action with the Money Flow Index (MFI). The MFI is an oscillator that measures price and volume data for identifying overbought or oversold conditions.
Below 20 is oversold. Below 10 is almost unheard of as far as Bitcoin price action is concerned. Expect for one occasion, January 2015 when Bitcoin was at $215 (orange line).
The alarm triggered as MFI dipped below 10 last week. Cannot stress enough how significant this is. If you’re a seller today, there’s a good chance you’ll be sick to your stomach by early 2025.
Why 2025? Ask me later. All you need to watch out for is price action closing above $42k during this month or $44k the next. Either of those events will trigger a test of the 3rd resistance and market structure as identified in the chart.
If the 3rd resistance is broken we shall very likely see price action in 2025 at.. ….. … . I’ll tell you later after 100 likes, you’ll not believe.
Ww
An alert I had set up some years ago went off recently, had no idea why it was significant until studying.
On the above 3-day chart the orange circles compare price action with the Money Flow Index (MFI). The MFI is an oscillator that measures price and volume data for identifying overbought or oversold conditions.
Below 20 is oversold. Below 10 is almost unheard of as far as Bitcoin price action is concerned. Expect for one occasion, January 2015 when Bitcoin was at $215 (orange line).
The alarm triggered as MFI dipped below 10 last week. Cannot stress enough how significant this is. If you’re a seller today, there’s a good chance you’ll be sick to your stomach by early 2025.
Why 2025? Ask me later. All you need to watch out for is price action closing above $42k during this month or $44k the next. Either of those events will trigger a test of the 3rd resistance and market structure as identified in the chart.
If the 3rd resistance is broken we shall very likely see price action in 2025 at.. ….. … . I’ll tell you later after 100 likes, you’ll not believe.
Ww
Comment:
A 'conditional' signal is printing on the 3-day chart. Waiting for confirmation. See circled highlights. Price action is typically multiples of current levels once it confirms on this 3-day chart in the months ahead. Look left.
Trade active:
Target: $200 to 240k
Have been reminded by a poster below that should this idea reach 100 likes then I should reveal my target for end of 2024 / beginning 2025. (It is entirely possible this target happens sooner, more on that below).
$200-240k is the target. Not a bad return for <30 months is it?
What’s the evidence for this WW?
Two charts:
The 3-day chart published above and now below with the forecast. As you can see much of 2022 will be a consolidation period. Forget any idea of scooting past $100k later this year, that’s not going to happen. Same is true for Ethereum breaking its all time high. The real action in the market will be found in alt-tokens in the $100m to $500m market cap range. That’s that range I first bought ADA, SOL and MATIC. That’s where I encourage you to look. Follow the ‘what if’ idea if you’re interested to learn more on possible plays.
Okay WW you’ve just drown some fancy lines, that’s not evidence. 100% agree.
The weekly log growth chart below is one of my most studied charts for Bitcoin long term price action. Currently a large bull flag is printing. Just as it did in the period 2013 to 2014 and the period 2019 to 2020. This flag will break out in 2022.
When candle bodies on the weekly start closing above $42k on this flag it will be a huge milestone and signal. The flagpole extension measures out to around $220k. Look left. The previous flagpoles were highly accurate.
I mentioned above it may happen sooner. Much sooner. Yes, by the end of next year is possible. Forecasting price action I’m happy with, dates is another matter. However that said the date is not important, only the price.
After that target is met we’re going to see a 80% correction most likely down to $48k. You remember the posts recently showing the deep pockets buying up hundreds of millions of dollar worth of Bitcoin? Trust me on this, they’ll be cashing in north of this $200k. Don’t you go and get your bull on after a parabolic run.
Ww
Have been reminded by a poster below that should this idea reach 100 likes then I should reveal my target for end of 2024 / beginning 2025. (It is entirely possible this target happens sooner, more on that below).
$200-240k is the target. Not a bad return for <30 months is it?
What’s the evidence for this WW?
Two charts:
The 3-day chart published above and now below with the forecast. As you can see much of 2022 will be a consolidation period. Forget any idea of scooting past $100k later this year, that’s not going to happen. Same is true for Ethereum breaking its all time high. The real action in the market will be found in alt-tokens in the $100m to $500m market cap range. That’s that range I first bought ADA, SOL and MATIC. That’s where I encourage you to look. Follow the ‘what if’ idea if you’re interested to learn more on possible plays.
Okay WW you’ve just drown some fancy lines, that’s not evidence. 100% agree.
The weekly log growth chart below is one of my most studied charts for Bitcoin long term price action. Currently a large bull flag is printing. Just as it did in the period 2013 to 2014 and the period 2019 to 2020. This flag will break out in 2022.
When candle bodies on the weekly start closing above $42k on this flag it will be a huge milestone and signal. The flagpole extension measures out to around $220k. Look left. The previous flagpoles were highly accurate.
I mentioned above it may happen sooner. Much sooner. Yes, by the end of next year is possible. Forecasting price action I’m happy with, dates is another matter. However that said the date is not important, only the price.
After that target is met we’re going to see a 80% correction most likely down to $48k. You remember the posts recently showing the deep pockets buying up hundreds of millions of dollar worth of Bitcoin? Trust me on this, they’ll be cashing in north of this $200k. Don’t you go and get your bull on after a parabolic run.
Ww
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Answer on a postcard...