I said I would stop posting charts with Arrows since they always end up making you look bad. TA to me is not about exact pricing, but general investing direction over the LONG TERM.
Despite this arrows do show thought process so why not.
This chart is based off previous analysis showing possible top prices for BTC based on previous market cycle percentages and gives best bet for possible top of market to me personally. I would say that my sells are pitched around the $90k area for the long trades I have (which arent long term Hodl).
Also we will see whether we are lucky enough to find further buying at the low $30k range for BTC this cycle. Thinking for reaching this target once more relate to popular Wyckoff accumulation theories, with bigger players pushing price down to continue accumulation.
There is also a chance that the price may fall out of this support, at which point Bulls better be certain the reasons why they hold their crypto as you could be holding for a while. To quote;
"you never know how low an emotional market will go" - Cathie Woods
Despite this arrows do show thought process so why not.
This chart is based off previous analysis showing possible top prices for BTC based on previous market cycle percentages and gives best bet for possible top of market to me personally. I would say that my sells are pitched around the $90k area for the long trades I have (which arent long term Hodl).
Also we will see whether we are lucky enough to find further buying at the low $30k range for BTC this cycle. Thinking for reaching this target once more relate to popular Wyckoff accumulation theories, with bigger players pushing price down to continue accumulation.
There is also a chance that the price may fall out of this support, at which point Bulls better be certain the reasons why they hold their crypto as you could be holding for a while. To quote;
"you never know how low an emotional market will go" - Cathie Woods