The TRUTH about tomorrow's BTC price no one admits...
Updated
this POST might upset people
Use your logic and leave out the emotions...
Been trading and doing TA for FOUR YEARS
I have 15k followers on Reddit who hang on my every word
On Tview, it's a different story
Every TA author on here thinks THEIR system is the best
But as a day trader, for me there is no method 'loyalty'
except to whatever gives me 70% plus accuracy on my trades
Charts and patterns talk the loudest.
And I have seen that over the years, patterns, correlations change
and great methods no longer work like they once did
So I found that combinations of systems/methods tends to get better results
People can be stubborn, even with the truth in their face...
even though their forecasts are wrong 50% of the time (flipping a coin is the same)
and when they get it wrong, half lie about it
The here is the truth about Bitcoin today ...
Just before the Ukraine invasion
the NASDAQ and SP 500 fairly much started to determine Bitcoin price
this is because as BTC got more mainstream...
the retail players increased (they do not understand crypto)
and as a result, they play it the only way they know...
... like a tech stock
Proof?
Grayscale and Terra are buying mass quantities
while Musk picked Twitter as his new toy...
but price now thrashes like a flag in the wind..
by stock market players, as if the other influencers do not exist
so this TA today...
is heavily influenced by this local theory
and until BTC breaks from all this BS, it's true reality... at least for me.
Use your logic and leave out the emotions...
Been trading and doing TA for FOUR YEARS
I have 15k followers on Reddit who hang on my every word
On Tview, it's a different story
Every TA author on here thinks THEIR system is the best
But as a day trader, for me there is no method 'loyalty'
except to whatever gives me 70% plus accuracy on my trades
Charts and patterns talk the loudest.
And I have seen that over the years, patterns, correlations change
and great methods no longer work like they once did
So I found that combinations of systems/methods tends to get better results
People can be stubborn, even with the truth in their face...
even though their forecasts are wrong 50% of the time (flipping a coin is the same)
and when they get it wrong, half lie about it
The here is the truth about Bitcoin today ...
Just before the Ukraine invasion
the NASDAQ and SP 500 fairly much started to determine Bitcoin price
this is because as BTC got more mainstream...
the retail players increased (they do not understand crypto)
and as a result, they play it the only way they know...
... like a tech stock
Proof?
Grayscale and Terra are buying mass quantities
while Musk picked Twitter as his new toy...
but price now thrashes like a flag in the wind..
by stock market players, as if the other influencers do not exist
so this TA today...
is heavily influenced by this local theory
and until BTC breaks from all this BS, it's true reality... at least for me.
Note
I watch Bloomberg TV while trading. (it is totally free if you have Firestick) This is how I see in real time when NASDAQ and SP500 are making strong moves.
At this time, 6:15pm EST, FUTURES have reversed from terrible to near break even. On the flip side, futures rarely get it 'right' for the first 60 minutes of the stock market open. (Monday in this discussion)
I am sticking my neck out to forecast that a big move is coming. I still have no opinion on direction. If I did, I would tell you, as that I buy and sell coins daily and have just as much frustration when I do not know market direction.
Note
I have idea on GENERAL BTC direction and some ALT coins.if we fall below 38k, I believe that is a local BOTTOM. I believe we will then run up to at least 45k, maybe 48k and highest 52k (there are some open CME gaps there)
Then I believe we will crash to 25k BTC. If you research stock market forecasts, the same thing is being forecast by some of the most trusted pros.
During our near-term rise, my hot coin picks are as follows. High chance that AVAX, ALGO, SUSHI, EOS, ENJ, AUDIO make fantastic gains. Also, BTC dominance is near its super low, which can spark off ALT coin season.
Other ALTS could do well, I just named a few for which I have strong faith.
Note
More ALTS that I think will rock and roll, if BTC runs upwardCRV, KEEP, LINK, AAVE, KAVA
Note
So my first target was hit. If the stock market recovers, then so should BTC. Otherwise next major support is closer to 38k.Note
This is my LAST update to this threadI will start a new one if I have something of value to show everyone
This post shows the post analysis after my forecast met its target
My goal was to show for now, the stock market is messing up TA short term
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