THIS IS NOT A LIVE TESTING IDEA. THIS IS NOT A TRADING IDEA EITHER. THIS IS AN OBSERVATION ON THE STATE OF THE BITCOIN MARKET.
PRS HAS MADE FOUR ATTEMPTS AT BTC PROJECTION. ALL FOUR FAILED FANTASTICALLY. WHY IS BITCOIN SO DIFFICULT FOR PRS? BECAUSE PRS WAS CONFIGURED FOR FIVE DAYS PER WEEK, NOT SEVEN. SO WHY NOT ADJUST FOR BITCOIN'S SCHEDULE. WELL, I'VE DONE EXACTLY THAT. THIS VERSION OF PRS HAS BEEN CONFIGURED FOR CRYPTOCURRENCY. IT IS SAYING THAT BITCOIN HAS 150 DAYS LEFT TO FIGHT FOR ITS LIFE, AND IT'S NOT FAVORED TO MAKE IT OUT AS A 40-60 UNDERDOG. I'M SO BUSY WITH GOLD THIS MONTH, BUT I WILL GET INTO THE DETAILS ON THIS BEFORE SOMETHING DECISIVE HAPPENS.
PRS HAS MADE FOUR ATTEMPTS AT BTC PROJECTION. ALL FOUR FAILED FANTASTICALLY. WHY IS BITCOIN SO DIFFICULT FOR PRS? BECAUSE PRS WAS CONFIGURED FOR FIVE DAYS PER WEEK, NOT SEVEN. SO WHY NOT ADJUST FOR BITCOIN'S SCHEDULE. WELL, I'VE DONE EXACTLY THAT. THIS VERSION OF PRS HAS BEEN CONFIGURED FOR CRYPTOCURRENCY. IT IS SAYING THAT BITCOIN HAS 150 DAYS LEFT TO FIGHT FOR ITS LIFE, AND IT'S NOT FAVORED TO MAKE IT OUT AS A 40-60 UNDERDOG. I'M SO BUSY WITH GOLD THIS MONTH, BUT I WILL GET INTO THE DETAILS ON THIS BEFORE SOMETHING DECISIVE HAPPENS.
Note
Note: this chart is 9 hour bars. I don't use that really at all for any other market.Note
THIS OBSERVATION IS NOW OUTDATED: PLEASE GO HERE FOR THE UPDATED PERPECTIVE AND HOT TRADING IDEA.
Note
and this is 100 day out now confirmed:
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THIS OBSERVATION IS OTHERWISE CLOSED. NO MORE UPDATES.
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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.