Bitcoin This Week
After BTC broke its 1-day trend line I called for a move down to retest support to see if we'll find support for our next move up. Over the weekend we had our move down and now the TOTAL and BTC are in the processes of finding this support.
I believe we'll see high 18,000's BTC by the end of this week or the potential for finding support on the trend line and a retest of 20,000. I have drawn a box in the area where I believe we will retest for support. If this box is broken, along with 870B on TOTAL, we will continue our move down. These will most likely happen in correlation.
This is a no trade zone for me.
For people who're trying to see these markets even a month out from this point, just stop. I study monetary policies from around the world, global market systems, on-chain data and continental exchanges of all different varieties and in the chaos of the current global financial system, it's just not realistic to say, "Bitcoin will be this much, next month, guaranteed." This is why I do week by week and more so, day by day analysis.
I'd like to take some time and explain to my audience what I actually am trying to do on this platform. I've noticed that some users on here believe I'm doing different types of analysis that aren't in the scope of what I am pointing out with my charts.
I'm a trader, not an investor. To be quite forward, I think it is a little crazy to be an investor in the current market environment we're participating in. I post a LOT about cryptocurrency on here and I understand that most cryptocurrency investors and traders tend to lack definition, knowledgable depth and diligence in the craft, but I like to think I am the opposite of those things myself.
I track the top 3 world economies, Asia, North America and Europe. I do a monthly finance report on these continents. I've been investing for over 10 years and doing advanced forms of analysis for over 5. My trades, not investments, on here are generated by an algorithm I'm currently developing and would like to produce and give to my followers in the future after I build out these platforms. There is a lot that is going on here that is not what meets the eye.
I'd just like to give you a little background about myself, so, there you go. I appreciate everyone who is always interacting with my charts. I hope you find value in my analysis and understand that it is not formulated by opinion, but unbiased, raw data that I strenuously try to procure for you guys, daily.
Cheers, hope you guys have a great trading week! I will be back on here soon. I'm almost done my book, should be done this week, then I'm back on here full swing.
I believe we'll see high 18,000's BTC by the end of this week or the potential for finding support on the trend line and a retest of 20,000. I have drawn a box in the area where I believe we will retest for support. If this box is broken, along with 870B on TOTAL, we will continue our move down. These will most likely happen in correlation.
This is a no trade zone for me.
For people who're trying to see these markets even a month out from this point, just stop. I study monetary policies from around the world, global market systems, on-chain data and continental exchanges of all different varieties and in the chaos of the current global financial system, it's just not realistic to say, "Bitcoin will be this much, next month, guaranteed." This is why I do week by week and more so, day by day analysis.
I'd like to take some time and explain to my audience what I actually am trying to do on this platform. I've noticed that some users on here believe I'm doing different types of analysis that aren't in the scope of what I am pointing out with my charts.
I'm a trader, not an investor. To be quite forward, I think it is a little crazy to be an investor in the current market environment we're participating in. I post a LOT about cryptocurrency on here and I understand that most cryptocurrency investors and traders tend to lack definition, knowledgable depth and diligence in the craft, but I like to think I am the opposite of those things myself.
I track the top 3 world economies, Asia, North America and Europe. I do a monthly finance report on these continents. I've been investing for over 10 years and doing advanced forms of analysis for over 5. My trades, not investments, on here are generated by an algorithm I'm currently developing and would like to produce and give to my followers in the future after I build out these platforms. There is a lot that is going on here that is not what meets the eye.
I'd just like to give you a little background about myself, so, there you go. I appreciate everyone who is always interacting with my charts. I hope you find value in my analysis and understand that it is not formulated by opinion, but unbiased, raw data that I strenuously try to procure for you guys, daily.
Cheers, hope you guys have a great trading week! I will be back on here soon. I'm almost done my book, should be done this week, then I'm back on here full swing.
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