cryptonrek

Bitcoin, Parabolic (short term), Sell-down, to Bullish Cycle

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KRAKEN:BTCUSD   比特幣
SynQ + Market Cycle (consumer psychology, market factors - USDT, futures, et al)

The identified market trend to top BTC (initially) to $10,500, as posted to Twitter yesterday, has been properly adjusted to the FOMO inflations in the cycle, and what the coming 230+ 4 hour market periods could play out over the coming 4-5 weeks. The probability of this tapers from 41% (current) to 38% after 10 bars, 33% after 18 bars, 27% after 40 bars, etc. However, as this progresses, and each price range is touched, probability elevates on confirmations (validations of projection); we did the same thing in May, and the bars painted matched 88.3% of the time (for 197 4 hour market cycles).

For more on this, go to cs.synq.tech

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