I have plotted targets from the currently most popular TV (Tradingview.com) BTCUSD
ideas into a chart and used that as an forecast of where the price of bitcoin
might be heading next. The targets are really split above and below $6800. Furthermore the above targets are on average a bit earlier than the targets below $6800 which might be interpreted as a couple of days more upside before a potential retracement to $6400. The targets plotted into the chart are obviously my interpretation of the TV ideas. However I still found the results somewhat interesting as a forecast of where the price might be going next. Furthermore the decrease in volume
and the timing until the VanEck ETF
deadline could potentially also align nicely with a retracement. See the target data set on my Medium profile (as I don’t think I can upload the image here).
With the above I am also testing to see if you find a wisdom of the (technical analysts) crowd analysis interesting? And if I should commit more time into to publishing wisdom of the crowd analysis in the future. So if found the above interesting and would like to see a more thorough analysis with bigger data sets please like, comment or follow me on LinkedIn, Medium, Twitter