uptrend will not start for about another 14 weeks!
What is my idea?
I estimate that the uptrend will begin about 14 weeks from now.
On the chart, a blue dashed line indicates the worst-case scenario.
This week's worst case is $ 17.8K It will go up by about $ 700 every week. At the end of the fourteenth week (around September 5), the worst-case scenario is approximately $ 25.5K
During this time, bitcoin's price is most likely to fluctuate between $ 25.4K and $ 37.2K (Obviously, as I mentioned, the worst-case scenario is always possible, but I am only dealing with the most likely scenario.)
RSI indicator setting:
VAL and VAH:
Blue line: SMA -55 (Dynamic VAL)
Red-thick-line: VAL in a downtrend
Red-line: VAH in a downtrend
Green-thick-line: VAL in an uptrend
Green-line: VAH in an uptrend
I estimate that the uptrend will begin about 14 weeks from now.
On the chart, a blue dashed line indicates the worst-case scenario.
This week's worst case is $ 17.8K It will go up by about $ 700 every week. At the end of the fourteenth week (around September 5), the worst-case scenario is approximately $ 25.5K
During this time, bitcoin's price is most likely to fluctuate between $ 25.4K and $ 37.2K (Obviously, as I mentioned, the worst-case scenario is always possible, but I am only dealing with the most likely scenario.)
RSI indicator setting:
- SMA -5 (RSI Weekly 54)
- Yellow area: 55-60
- Green area: 46-49
- Red area: 78-80
VAL and VAH:
Blue line: SMA -55 (Dynamic VAL)
Red-thick-line: VAL in a downtrend
Red-line: VAH in a downtrend
Green-thick-line: VAL in an uptrend
Green-line: VAH in an uptrend
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.