BTC Truevalue with sandwiched trading curves
I actually made this a while ago when I created Bitcoin Truevalue and haven't adjusted the current curve at all.
Basically, all the trading ranges can fit nicely into these curves and rarely escape out of them. I tried curving out the rest of the bull-run in years past but they didn't really fit the curves. I'm thinking it's a result of matured trading instead of just investing.
So I totally expect another touch of the top of the curve very soon, followed by a nice slow downtrend to continue the bear-run. Then we'll stop out at about $200 and then fly out of the bear resistance due to some good news I guess. Lower would be a nice bet but I wouldn't short after $200 and I guessing a lot of other smart traders wouldn't either. I'm betting the next moon won't be much at about $800 (not illustrated).
Basically, all the trading ranges can fit nicely into these curves and rarely escape out of them. I tried curving out the rest of the bull-run in years past but they didn't really fit the curves. I'm thinking it's a result of matured trading instead of just investing.
So I totally expect another touch of the top of the curve very soon, followed by a nice slow downtrend to continue the bear-run. Then we'll stop out at about $200 and then fly out of the bear resistance due to some good news I guess. Lower would be a nice bet but I wouldn't short after $200 and I guessing a lot of other smart traders wouldn't either. I'm betting the next moon won't be much at about $800 (not illustrated).
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.