BTC | Q2 FORECAST | ALWAYS SHARPENING THE BLADE
Having surface knowledge of the financial markets, I've realized that instead of trying to perfect my craft, why not just document my progress - so here we go - still a bit scattered for now...
For the past year or so, my system has been based on fundamentals, historical data, MA setups upon entry (15m & 4hr TFs) & attempts to apply the Fib Retracement.
I've recently just found that TradingView offers so many features such as the diff indicators & the capability of publishing ideas such as this, which is why I will now be dedicating a small amount of time to enrich my technical skills & analysis in the cryptocurrency market. Indicators will slowly be added to publications once I gain more confidence & familiarity in applying them
As for my analysis in this idea, my main strategy/ies for the past year have been pretty much across the board:
Time horizon: 8-12 week accumulation (per quarter)
Target: Price Targets here have been set around Q2
Initial Tools & indicators I started with:
EMA | RSI | Volume | Fib | Trend line/s | Support / Resistance line/s
Additional tools as of Feb 2022
ADX | OBV | F&G index
Primary Influence/s:
TradingMavericks
scottmelker
EmperorBTC
MaccMeister
For the past year or so, my system has been based on fundamentals, historical data, MA setups upon entry (15m & 4hr TFs) & attempts to apply the Fib Retracement.
I've recently just found that TradingView offers so many features such as the diff indicators & the capability of publishing ideas such as this, which is why I will now be dedicating a small amount of time to enrich my technical skills & analysis in the cryptocurrency market. Indicators will slowly be added to publications once I gain more confidence & familiarity in applying them
As for my analysis in this idea, my main strategy/ies for the past year have been pretty much across the board:
Time horizon: 8-12 week accumulation (per quarter)
Target: Price Targets here have been set around Q2
Initial Tools & indicators I started with:
EMA | RSI | Volume | Fib | Trend line/s | Support / Resistance line/s
Additional tools as of Feb 2022
ADX | OBV | F&G index
Primary Influence/s:
TradingMavericks
scottmelker
EmperorBTC
MaccMeister
Though BTC never broke a new ATH, its attempt to surpass 50k was promising and just short of a few more bullish candles on the weekly. Altcoins also had some nice pumps but not all broke through the ceiling.
At the moment, volume is low & prices are finding footing.
Negative news & Geopolitical factors are also looming, so there's lots of unrest & uncertainty both on the fundamental, as well as on the technical side.
Unless we see a massive trend reversal in the next 30 days, I am bidding farewell to Q2 and will stick to slow cost averaging & filling my bags until we see another run towards the end of the year.
Great runs, great trades, valuable lessons learned, and a ton of experience & knowledge gained for this quarter.
The quest continues.