Bitcoin
Updated

Pitchfork and retracement strategy posting for an experiment

283
I wanted to see the outcome of this strategy. Does it really work with social media stirring the market.
Buying and selling with a tweet or news article breaks all the rules and strategy guides. Are these strategies outdated considering most were created pre internet. A.I. trading is also a factor that disturbs the normal trading strategies. Do algorithms affect the markets and mislead investor entry positions. Thought I would put this here to see the outcome.
It's not precise it's just a directional forecast with a long-term Fibonacci circle
Note
extended bear market
new idea has been posted with up to date information
this analysis was perfection
I did not hesitate when i sold 11/1/2021
I had a strong feeling bitcoin was going to crash.
10 months later its still crashing and it won't be over until bitcoin bottoms
at 8K
Note
several new updated charts have been posted
Bitcoin has strong support between 6k and 9k
and the markets keep extending and further liquidation continues
the next and last bottom of support is 3k to 4k
bear market looks to be extended until march 2023 and could be
extended even further to november 2023 so keep a
close eyes on market conditions. day traders are watching everyday
you really should be mindful of manipulation from the youtube if you
follow any traders on there.
Note
This was an old posting and the greenzone is ready but will traders rally from here. So far this chart has shown proof that my theory worked. The timing was good but the market price was off from manipulation in the markets. That is normal and i am proud to say this helped many people to time the money flow. It worked so what ever happens next is still being watched. New postings with personal ideas and theories but this one seems to show what will probably happen. Volume did not dip as low as i thought so more bullish is good for the market. Upcoming highs for the next few years could be much higher. I will check this chart after the next bull market ends.

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.