BitcoinShort
BTCUSD Transient Zones Volume IV
Updated
It's been about 6 weeks since I used transient zones to predict a 52-53k price, I called it 5-7 weeks from oct 15th.
So I gave you time and price targets that hit:
Anyways for volume IV I will go over this last target.
The 20-13k zone has been elusive but holds up on the bi-monthly to quarterly chart. The colored rectangles that mark those zones also help with the time frame that zone is active which is equal distance from the problem bar.
the 20-28k zone is more probable, but 13k isn't too far fetched, and bitcoin in such a volatile state, with low liquidity, and highly leveraged, it could wipe out order books and hit those levels.
Perhaps it will be on the news that tether isn't what it's cracked up to be and became some sort of printing machine, to be regulated or replaced.
Who knows what the future will bring, but again, when shtf countries will want hard assets and if they're going to use digital money, it's going to be printed by them to retain control.
That is all for now.
- This is not financial advice.
So I gave you time and price targets that hit:
Anyways for volume IV I will go over this last target.
The 20-13k zone has been elusive but holds up on the bi-monthly to quarterly chart. The colored rectangles that mark those zones also help with the time frame that zone is active which is equal distance from the problem bar.
the 20-28k zone is more probable, but 13k isn't too far fetched, and bitcoin in such a volatile state, with low liquidity, and highly leveraged, it could wipe out order books and hit those levels.
Perhaps it will be on the news that tether isn't what it's cracked up to be and became some sort of printing machine, to be regulated or replaced.
Who knows what the future will bring, but again, when shtf countries will want hard assets and if they're going to use digital money, it's going to be printed by them to retain control.
That is all for now.
- This is not financial advice.
Trade closed: target reached
Target Reached, Time for the big one!
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