$BTCUSD | All Time Highs defined by Model
Updated
Hello Traders,
Model printed new All Time Highs for Bitcoin. A $100,000+ bitcoin is now a high probability event.
This calls into question the bearish signals it produced in the Defi coins. Stay tuned.
Model description
The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal.
Model printed new All Time Highs for Bitcoin. A $100,000+ bitcoin is now a high probability event.
This calls into question the bearish signals it produced in the Defi coins. Stay tuned.
Model description
The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal.
Note
Bitcoin bounced off of support and is firmly on its way to new ATH's.
Note
Support holding strong. Look for a strong move towards targets.
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