Analysis, forecast BTC and thoughts aloud for the next 6month #2
Updated
It looks like our global analysis is the most accurate from all type of our analysis.
Large timeframes in the analysis show a clear trend and most importantly, they get rid of "unnecessary noise", which can throw off the correct opinion and an unemotional view of the market.
The value of Bitcoin has been falling steadily for 3 months, the price of BTCUSDT has fallen 52% from the high and reached the top target according to the BTCUSD forecast of 10/19/2021.
The $31500-33000 price zone is very critical, and it will decide the future of the crypto market in the coming months.
Let's consider some possible variants of events in the future:
1. A negative scenario (red arrow) - the sellers will sell the price of BTCUSDT below $30,000, they will break out stops and then the price of BTC may spill down to $23800 in one wave. Such a scenario would fill the GAP formed back in late 2020.
2. Positive-negative (white fractal) - the price movement according to this fractal predicts the growth of BTCUSDT price up to $56500 (also the fractal hints at possible break out of stops up to $31500 before the growth). Around $56500 will decide the future of crypto market: to go on and renew last year's high or a sharp drop to $12-14k. Fractal indicates a possible collapse of the crypto market in spring 2022, how it will be unknown - this is just a guess. However, we know that US Fed is accelerating the pace of winding down its asset-purchase program, which actually opens the door for an earlier interest-rate hike - as early as spring 2022.
3. A Positive scenario - after the Bitcoin price reaches the white fractal of $56500, the maximum possible correction will be in the area of $44500. And then a continuation of parabolic growth and the possibility of seeing a BTC price of 110k+ by mid-summer 2022.
Please, write your favorite from scenario in the comments to the idea or write your scenario of the future (preferably with a chart)
And now, let the old-fashioned way: write the trading pair you want us to analyze in the comments.
We will start in the comments, and you go on!
Top 3 trading pairs that will get the most likes or comments will get a decent analysis from us.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Large timeframes in the analysis show a clear trend and most importantly, they get rid of "unnecessary noise", which can throw off the correct opinion and an unemotional view of the market.
The value of Bitcoin has been falling steadily for 3 months, the price of BTCUSDT has fallen 52% from the high and reached the top target according to the BTCUSD forecast of 10/19/2021.
The $31500-33000 price zone is very critical, and it will decide the future of the crypto market in the coming months.
Let's consider some possible variants of events in the future:
1. A negative scenario (red arrow) - the sellers will sell the price of BTCUSDT below $30,000, they will break out stops and then the price of BTC may spill down to $23800 in one wave. Such a scenario would fill the GAP formed back in late 2020.
2. Positive-negative (white fractal) - the price movement according to this fractal predicts the growth of BTCUSDT price up to $56500 (also the fractal hints at possible break out of stops up to $31500 before the growth). Around $56500 will decide the future of crypto market: to go on and renew last year's high or a sharp drop to $12-14k. Fractal indicates a possible collapse of the crypto market in spring 2022, how it will be unknown - this is just a guess. However, we know that US Fed is accelerating the pace of winding down its asset-purchase program, which actually opens the door for an earlier interest-rate hike - as early as spring 2022.
3. A Positive scenario - after the Bitcoin price reaches the white fractal of $56500, the maximum possible correction will be in the area of $44500. And then a continuation of parabolic growth and the possibility of seeing a BTC price of 110k+ by mid-summer 2022.
Please, write your favorite from scenario in the comments to the idea or write your scenario of the future (preferably with a chart)
And now, let the old-fashioned way: write the trading pair you want us to analyze in the comments.
We will start in the comments, and you go on!
Top 3 trading pairs that will get the most likes or comments will get a decent analysis from us.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Note
You voted - we did:1/3 FTMUSDT
Note
You voted - we did:2/3 GALAUSDT
Note
You voted - we did:3/3 ICPUSDT
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