12 days ago I published a chart attempting to predict a potential Market Maker Sell Model. Unfortunately for the shorts, a strong insider short squeeze was set up right before the release of the ItBit / FinCen news. Thereupon the market shot up close to $250 and my small position was stopped out. Looking at today's sell-off, I am seeing signs of the market maker sell model being in effect again. If this is the case, I can see us retesting lows of $215 with potential wicks lower.
1) Right now I am only using this chart as a rough guide, because it aligns with my primary BTC forecast:
. This model sees buys/ longs at potentially $225 - $215 (with stops).
2) My previous Market Maker Sell Model prediction, can be found here:
1) Right now I am only using this chart as a rough guide, because it aligns with my primary BTC forecast:
2) My previous Market Maker Sell Model prediction, can be found here:
Related publications
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.
Related publications
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.