With imagination and intuition more than knowledge of trade, i have worked this chart to leave testimony of my third projection. As you can see, at 45 days there is a certain daily pattern in terms of an input range and output range (ABCD), it usually starts with an exponential bull run and then lateralizes to find a support line. At the moment we are entering the area of purchases that I have established according this pattern, I consider 10,3k as an excellent purchase price. I think the 9,8k is a good support, if on July 25 the price is lower, there would be a few weeks of pullback that would lead to BTC even at 7,9k (WXY). Since my position is LONG, i will leave an SL at 9,8k as -6% and a proyection of 35% profit until August 7, if the pattern is met close to August 15, this would be testing the 20k again.
Please don't consider this as an investment advice, the volatily of this market does not ensure in any way that this projection is goin to ocurr. (but if this happens, even at 70% it would be very cool).
Trade closed: stop reached
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According to my projection, by breaking the limit of -6% at 9.8k the position was closed. Although there are 2 days left until the end of the cycle, the bears this time take the lead.
Nice perspective. But look at current RSI compered to other 45 day cycles. Its way lower then anywere in last ~160 days
ari_el_5
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Hi @Xivos thanks for your time, I am seeing what you say and I must admit that you are right in your comment, I think it is difficult to reach these price levels but BTC always brings surprises from time to time. Anyway I take your input and I will consider it for my next charts.
Thank you!
CryptoTrend-Alerts
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Perfect ! Now you have reputation over 20.
Good luck in your trading . ;)