Bitcoin mirror pattern - SHORT short term, LONG mid/long term
The mid-term accumulation pattern repeats itself twice and confirms bullish on the third try breaking out and consolidating on the prior resistance. NVT currently in high territory indicating a short term pullback is very likely.
Some additional assumptions:
- btc to reach $8'500 by dec 2019
- btc to reach $18'500 or ATH by dec 2020
- btc to reach $180'000 - $280'000 by mar 2022-2023
- accumulation zone expected to bounce between a 33%-50% range from mean of q1 2019. ~$4'230 low and q2 2019 expected at ~$5'230 => avg: $4'800
- Using ~40% consolidation zone average, we apply 20%-(wicks)25% possibility to both the upside and downside
- 1/5th capital left remaining to add low-mid leveraged positions if there's a final capitulation to the lower $2'000 range which looks very unlikely (<1/5).
In conclusion:
Anywhere near the $4'000 level is a decent long entry zone (short/mid/long-term) and $5'800 a decent short entry zone (short-term)
Please feel to share your thoughts/charts feedback on this chart.
BTCUSD
Some additional assumptions:
- btc to reach $8'500 by dec 2019
- btc to reach $18'500 or ATH by dec 2020
- btc to reach $180'000 - $280'000 by mar 2022-2023
- accumulation zone expected to bounce between a 33%-50% range from mean of q1 2019. ~$4'230 low and q2 2019 expected at ~$5'230 => avg: $4'800
- Using ~40% consolidation zone average, we apply 20%-(wicks)25% possibility to both the upside and downside
- 1/5th capital left remaining to add low-mid leveraged positions if there's a final capitulation to the lower $2'000 range which looks very unlikely (<1/5).
In conclusion:
Anywhere near the $4'000 level is a decent long entry zone (short/mid/long-term) and $5'800 a decent short entry zone (short-term)
Please feel to share your thoughts/charts feedback on this chart.
BTCUSD
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.