Stock To Flow Says BTC Should Be At $7100 But Could Go To $3800
Stock to flow has a mid line near $7.1k which price tends to orbit around. I strongly expect price to return there especially with the halving coming up and miners nearly at capitulation even without the halving.
Stock to flow also has a noise band around it and BTC price does sometimes explore to the edge of it. If it were to continue on in that direction you would expect stock to flow to put the floor at $3.8k.
I don't really want to see BTC do that but I have to cover all the bases.
I am interpreting this as:
1.) Don't touch long term accounts until the end of 2021.
2.) Short bias intraday until squeeze accumulation shows where the floor is.
3.) Be ready to switch to a long bias when miners are in capitulation or the halving is near.
Stock to flow also has a noise band around it and BTC price does sometimes explore to the edge of it. If it were to continue on in that direction you would expect stock to flow to put the floor at $3.8k.
I don't really want to see BTC do that but I have to cover all the bases.
I am interpreting this as:
1.) Don't touch long term accounts until the end of 2021.
2.) Short bias intraday until squeeze accumulation shows where the floor is.
3.) Be ready to switch to a long bias when miners are in capitulation or the halving is near.
הערה:
It just tagged 3900 or so. I can't hardly believe the amount of selling.
