cleanandmean

Min and Max pullback after Interim price reached

cleanandmean Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Min and Max pullback after Interim price reached of the 72k area re the model is reached (71996 according to Binance Model results, 73149 according to Coinbase Model results). The pullback will be a MIN of -20%, but an unbelievably max -80% (the the 13900 level top in June 2019) would not be out of the question, as per past reactions at this critical junction, re the Spike High Model. It will either be min -20% $57596, -40% % $43197, or -80% $14000 level. You could call this Interim price level $71-73 depending on which exchange records the high, BITCOINS Pivot Point.

I am getting this uneasy feeling about the 14K level/test a kind of a March 2020 Co-vid sell-off, on coke. Its completely within the realms of possibility as re historic Interim pullbacks -80% in 2013 interim Pivot Point, -40% in the 2017 interim PP, now -80 again in 2021??? Time will tell. But it will be short lived, just a short term correction, no winter during summer, Buy Buy Buy.
Comment:
Disregarding the timing issue. The model NEVER predicted timing ONLY price, and assuming the low is in at $15500 area the model missed the interim high by about 3-4% 71k area actual high 69k area. I missed the max low drawdown at 14k level being also about 3% off from high -77% rather than the -80% predicted in April 2021.

IF the model is still intact I would revise the max high to the 330k area (using weekly data rather than daily data, to much to go into but revises the max high from 440K area to 330K zone, all just theory really, but just a what if case study kind of approach).

AND IF I disregard the long distribution zone from April 2021 to Jan 2023) and the model picks up where it has repeated over the last 3 cycles, could we expect a violent move over the next 6 months? Taking everyone by surprise, to the end of JUNE 2023 to a peak high of 330k and then a really long drop to 59k zone -82% drop from the 330k high.

The model never predicted TIMING just price.
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