A Speculative Approach To Macro Trends | BTC - Coinbase
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I haven't posted in a while but I'm back after a year's (or two..i forget) long worth of learning. And as I've been practicing heavily in all different market classes (commodities / forex / crypto) I find myself returning back to Bitcoin. Why? Because it's a 24/7 market, you silly. There's no pause, no momentary breaks or close of business. You (as in me) can just practice, practice, & practice vigorously & rigorously, until I've cracked the code (lol).
Now let's just take a look into everything surrounding BTC recently. Demand increased ACROSS THE BOARD. Halve-ing event right around the corner - if not already happening as we speak (affects supply and demand). Next we have (chart) recent price hanging around current All Time High of approx 64/65K.
Now (here's the fun stuff) I used simple logic here, so bear with me (working theory) BUT my estimated calculations for the next month show price should drop (monthly TF) approx 7% - ish. And that 'ish' - percent should be the 'Low' of the month IF we are actually going to go higher and close green by the start of April.
And so the levels I have in this chart show estimated Fib levels that we could see potential S/R in the meantime UNTIL March 18 (at the very latest : again estimated). There after March 18 we should see a Massive Rush of Bullish momentum coming into the market.
If, however, price by March 18 is below the 7% ish (maybe 10-12%) level then it's likely we're seeing an extended region of consolidation. So maybe a red color on chart for March, in which case these levels will essentially be null and void.
Again all this is just speculative based on a working theory. Let me know what you think.
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.
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.