BTCUSD Monthly

Jan 3

Just a monthly projection for BTCUSD.

Invalidated if we don't hold the blue line.

Not advice of course! and its just based on projections, no pattern or anything overly interesting, just modelled forecasting using other tickers as comparison for the outlook. The chart below shows the process.



Expected move to complete in the next 25 days.

Let's see what happens!

Jan 6

Trade active

TP 1 hit, half profits taken.

Let's see if we can make our way to the secondary box.

Jan 7

Trade closed: target reached

Out completely, rejected the wedge breakdown.
The box was the range cap and I didn't really expect it to hit with SPX days away from capitulation.

From here I believe its down but may reassess the actual forecast over the weekend.

Safe trades everyone!

Jan 8

Note

BTC has found support on the blue line, it lost it initially but has reclaimed it. This is the threshold line that defines bullish / bearish.

This looks primed for re-entry to the range cap box.

Will evaluate over tomorrow and likely going to re-enter long. Will keep you posted.

4 days ago

Note

Well I will be damned.
The projections were indeed correct :O.

I didn't get it to the second half but interesting none the less. haha