Based on the squeeze momentum indicator, it looks like we are headed downwards until around March 2022.
Note
Black crosses on midline show that the market just entered a squeeze signifying LOW VOLATILITY (market preparing itself for an explosive move up/down).This indicator is a derivative of John Carter's TTM Squeeze volatility indicator.
Carter suggests waiting for the first gray cross AFTER a black cross and taking a position in the direction of the momentum.
Exit when momentum changes; signified by a color change.
BUT I like entering/exiting when the color darkens.
Larger timeframe frame = increased reliability.
One of John Carter's favorite setups is when weekly and daily are in a squeeze; and the daily squeeze fires off which gives you an opportunity to get in a move that will last for weeks to months; same holds true for daily and hourly chart. This basically shows price congestion and you get a higher probability of a larger move.
Note
Not shown on the chart, last BTC HALVING was May 2020. After historical halvings, the price peaked after 1.5 years. So, if following the pattern, BTC should have peaked around November 2021.Note
I think BTC heading down for the next 2 years.
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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.