Binary_Forecasting_Service

BTC 108,000 IN 9 TRADING DAYS (3/19) DRAFT 2

Long
BITSTAMP:BTCUSD   Bitcoin
Introduction - Draft 1 saw 105,000 on Tuesday 3/12. Part of that was my making a rookie bar size mistake. This is the adjusted forecast for Bitcoin's next 9 trading days, with respect to Binary Forecasting Service's trend engine expectations of a waterfall crash in the Dollar Index and GOLD's move to 2540 in that same time frame.

Details - First, this is a serious forecast for serious people. This is not a joke, I am not trying troll Bitcoin followers even though my hatred and jealousy of Bitcoin's existence is on the permanent record. That said, the background you need to see is in DRAFT 1. In the previous hours, I have added all the information for this interpretation of Bitcoin's trend in the most recent notes for that draft and partially why this should be base case and primary expectation ahead of 03/20 FOMC.

>> This is DRAFT 1:

>> This is the Dollar Index in Waterfall Mode:

>> And this is GOLD's move to 2340 in 2 days (still working on 2540 in 9 days):
Comment:
2:03 PM Notes for the jokes.
a) I love jokes and do not mind taking one
b) I felt that my intro to previous draft was not a great one
c) and left open the idea that I was trolling Bitcoin enthusiasts
d) that' s my bad and I should've been more carful
e) but before you make another one, READ THE LAST DRAFT
f) I provided enough evidence if not to convince you then...
g) make it clear I am dead serious about this call to 108000
Comment:
h if you are here from previous draft's notes, here is the one chart I forgot:
Comment:
Comment:
a) for chart above: I am primarily a gold forecaster
b) I have started notes for the latest gold forecast
c) that my expectation for Gold is 3000-3600 BEFORE MAY 1ST FOMC
d) this post deals with the 108000 target
e) since November 2022, gold is up 35.3%
f) for the record since September 28, 2022 my custom IRL indicator, replay for evidnence:

1) anticipated the turn 40 days ahead:

2) nailed the turn fantastically (1 day off):

3) foresaw the move to challenge 2080 twice more nailing the macro from 13 months
Comment:
g) yes since 12/03's 2140 high to Valentine's day, I spent 10 weeks searching for that breakout setup
h) but since 2/19, the completed Binary Forecasting Service Trend engine has
1) NAILED THE BREAKOUT to 2150
Comment:
2) and I know if you've been following my posts you've seen that 3-4 times now
3) but what is impressive about this trend engine is
4) EVEN BEFORE ANYONE SNIFFED OF A BREAK OUT ON 02/17:
Comment:
Comment:
5) and the evidence is here you just have to hit replay and zoom out:
6) yes it was off, BUT IT WAS STILL TESTING
7) so what does mean for Bitcoin?
8) well this APRIL LIMIT BOX HAS 2 NUMBERS FOR APRIL HIGHS:
Comment:
Comment:
Comment:
03/10, 3:22 PM ET, so with that evidence above along with the data provided in DRAFT 1, I humbly ask:
1) if you want to make joke, I'm a fun guy and I love F'ing around
2) 3 but read the evidence first
3) trust me, the joke would still be funny
Comment:
4) and for the explanation why the next 37% move in gold would only result in 121% for bitcoin:
a) last time gold move 35% vs Bitcoin 348%
b) this time gold moves 37%, bitcoin would only move 121%, to 145000
c) why?
d) there are 2 reasons and the first one is obvious
e) as market cap gets bigger VOLATILITY AUTOMATICALLY LEVELS OUT
f) which, IF AND WHEN bitcoin catches up to gold, if ever in terms of market cap
g) at EQUAL MARKET CAP
Comment:
h) GOLD would be then MOVE MORE THAN BITCOIN
I) and why because of the "MARKETABLE SINGULAR UNIT COST OF GOLD PER OUNCE"
Comment:
j) which makes Bitcoin a victim of its own success
k) that's a wrap for Sunday notes
l) I may or may not add notes on Monday/Tues especially if Gold is on the move
m) as my full attention is dedicated to trading execution
Comment:
4:30 AM 71,600 new all time high!
Comment:
9:08 AM ET 71900 new all time high again but gotta shut this down.
1) this forecast has to be cancelled
2) why?
3) I have gold's and the dollar's speed off
4) so YOU WILL GET BIG MOVES
5) but not this fast
6) so 03/19 is looking like 93500
7) so this POST IS DEAD AS OF RIGHT NOW.

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