Bitcoin BTCUSD confluence factors that the bottom is in
If in doubt, zoom out is a correct approach to macro trading, eliminating the short terminism as much as possible that is.
Looks like hash trash may be a tad misleading given the fundamental impact with China mining ban, but over the volume sold recently.
the next target is the fib 1.6 extension to circa 81k imho, Which is 125% upside from the current price
Folks, this is my first ever idea post.
Since most models and ideas are wrong and only some are useful, hope this offers an helpful opinionated forecast.
Seek divergent views though so you do go down the polarised permabull or permabear route.
Cheers!
Looks like hash trash may be a tad misleading given the fundamental impact with China mining ban, but over the volume sold recently.
the next target is the fib 1.6 extension to circa 81k imho, Which is 125% upside from the current price
Folks, this is my first ever idea post.
Since most models and ideas are wrong and only some are useful, hope this offers an helpful opinionated forecast.
Seek divergent views though so you do go down the polarised permabull or permabear route.
Cheers!
