STF
Bitcoin Stock-To-FlowThe Bitcoin Stock-To-Flow Indicator has come under alot of attack recently for failing to adhere to the Bitcoin price as originally forecast and has been deemed as an unreliable indicator by many critics. However, what I'm showing you here is a new way to "see" the indicator which might change how everyone views it in the future.
Note how close price is at the point where the S-T-F indicator makes a 900% jump to the next level at the yellow circles. This marks an important point in the S-T-F cycle and the price is right at or even on this point when it makes this jump. The next level jump will occur around the April 1, 2024 date which puts Bitcoin at or near the 150K target range. The likelihood that bitcoin will go higher than this price before this date seems unlikely at this point.... But you never know, the upper Red band is at the 250K level and would mark an extreme top for this cycle.
The Long Term target is around Feb/March 2028 (scroll chart forward) which puts the Bitcoin price in the 1.5 Million range.
Double Bottom pattern in Structure finance (STF)Hello Traders,
Looks like HUOBI:STFUSDT is forming Double bottom chart pattern. If double bottom pattern plays-out then I am expecting 300% return. Tell me what you think about STF.
Thank You.