This is just a my forecast for the next week, and what I expect to happen/what I'm prepared for. Look at my last 3 charts for a more complete picture. I'm much more "Net short", so I have to chart what's "possible" even if I think it's unlikely. I think we'd have to break 11.1 to consider anything bullish or new highs. And I don't think we can make new highs until we have a capitulation event. I'm expecting to reject either here at 10.2k (40% chance) or at 10.6k (60% chance) and then make new lows pretty violently. I'll consider myself wrong if we hit and hold 10.8k.
You'll notice my style in charting has a wide range, but what I look for is confluence. My philosophy is if I can apply multiple styles of charting, and they're all telling me the same thing. That means the majority of people will see it and act accordingly, which makes it more likely to happen. It also gives me a more complete picture.
As always remember to like/follow/leave a comment.
So far I'm 4 for 4 on my BTC calls, lets see if we can make it 5 for 5. :)
You'll notice my style in charting has a wide range, but what I look for is confluence. My philosophy is if I can apply multiple styles of charting, and they're all telling me the same thing. That means the majority of people will see it and act accordingly, which makes it more likely to happen. It also gives me a more complete picture.
As always remember to like/follow/leave a comment.
So far I'm 4 for 4 on my BTC calls, lets see if we can make it 5 for 5. :)