BITCOIN - Crossroad between markets
Hello everyone, with new the month around corner I decided to come back with
an update on Bitcoin.
I still hold the same opinion as stated in the Q2 update, this update is just for better
visual perception of what is going on in my opinion, since I believe we are in some
sort of unprecedented time for Bitcoin.
Why?
Looking at Yellow Parallel Channel we can see that we spent the last 10 years
methodically going up in it, until we broke out from it at Q3 2022.
Now two years later we are "testing" the bottom line of that channel and upcoming
month may show if we will be able to break back in and reach a much higher valuation
OR we reverse and come visit the middle line of our New Red Channel before potentially
testing Bottom Red line later on.
For better imagination I break idea down to 1W and 1D chart.
1W
1W
1W
1D
Hopefully, this elaboration was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
an update on Bitcoin.
I still hold the same opinion as stated in the Q2 update, this update is just for better
visual perception of what is going on in my opinion, since I believe we are in some
sort of unprecedented time for Bitcoin.
Why?
Looking at Yellow Parallel Channel we can see that we spent the last 10 years
methodically going up in it, until we broke out from it at Q3 2022.
Now two years later we are "testing" the bottom line of that channel and upcoming
month may show if we will be able to break back in and reach a much higher valuation
OR we reverse and come visit the middle line of our New Red Channel before potentially
testing Bottom Red line later on.
For better imagination I break idea down to 1W and 1D chart.
1W
1W
1W
1D
Hopefully, this elaboration was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.