Bitcoin / TetherUSUpdated BTCUSDT Weekly Chart Price Prediction
Hi everyone,
If you've followed my ideas, you're probably familiar with the SHIBO indicator that predicts price after an impulse. In this weekly chart, I used two SHIBO indicators on two impulses and found some interesting results.
The leftmost indicator, prefixed with 'A', represents a 4-week uptrend. The SHIBO predicted that the price would reach the AR1 green line, and as you can see, the price reacted to that line.
I drew another SHIBO indicator on a powerful impulse, prefixed with 'B'. Please note the blue arrows.
I hope this helps clarify the use of the SHIBO indicator in predicting price movements. If you have any questions, feel free to ask!
If you've followed my ideas, you're probably familiar with the SHIBO indicator that predicts price after an impulse. In this weekly chart, I used two SHIBO indicators on two impulses and found some interesting results.
The leftmost indicator, prefixed with 'A', represents a 4-week uptrend. The SHIBO predicted that the price would reach the AR1 green line, and as you can see, the price reacted to that line.
I drew another SHIBO indicator on a powerful impulse, prefixed with 'B'. Please note the blue arrows.
I hope this helps clarify the use of the SHIBO indicator in predicting price movements. If you have any questions, feel free to ask!
Note
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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.