BTC TA to End of 2022 Potential Last Drive To Macro Bottom

Will BTC go up or down. The truth is nobody knows nor can know and all we can do is make educated guesses. For trading we only look for setups that have a high probability of success IF they actually present themselves along with a low risk / high reward to statistically offset multiple losses per single win. This is our current thoughts on BTC and what levels we are willing to enter a trade. The levels on this chart are based on 61.8-78.6% retracements from local and last macro highs that match functioning AB=CD patterns including their 1.27-1.618 extensions. The levels are simply areas to LOOK for wise entries as if they play out offer a very low risk / high reward scenario.

IF or as price enters any of these levels we will be looking for reversal confirmations such as divergences in money flow, wave trend, and rsi, along with bearish candle stick patterns.

We will continue long until price enters any of these areas with reversal confirmation. Once potential confirmations appear we will enter our short with a low risk stop loss above the divergent high.

評論:

levels invalidated by time factor

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levels currently uncomputable market balanced. Time is still good probably see retest of break out. THen most likely to the moon. Market will pivot at levels or time cycle what ever happens first still no indication

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and DO NOT TRADE THE CHOP

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btc bottom .... glad I took the upside

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this chart obviously has no value any more and was poorly drawn for personal use but was definately the bottom.....

評論:

the time cycle of this bottom reversal nearly exactly to the day and still using the same time factor method.