Revised Mid-Year Outlook ahead of Capitulation 14th of June 2022
Previous forecast on BTC was obviously invalidated once it broke out of the wedge pattern which was being respected from January 2022 until early April.
Whilst I am not a FA trader, the state of the global economy can simply not be ignored. Thus my guess is that we'll see a long bleed and eventual capitulation down to the 80-88% retracement level to safely say that the bottom is in before it continues its climb in journey of the next bitcoin halving, some time around
The material I post is purely educational. I'm not influenced by anyone's bias or social commentary. I simply express my thoughts and opinions on the markets based on what I'm able to see that's mainly based on my ability to recognise familiar patterns and events, most of which comes from having spent more than 20,000 hours chart time charting and observing BTC's movements since 2017. As of the past year, BTC has enjoyed retracements to the 0.5 fibonacci level when viewed across smaller time frames despite preferring the golden pocket zone during it's previous halving cycle.
Do you think BTC will ever make a new ATH again within the next 3 years? Leave your answers below.
Whilst I am not a FA trader, the state of the global economy can simply not be ignored. Thus my guess is that we'll see a long bleed and eventual capitulation down to the 80-88% retracement level to safely say that the bottom is in before it continues its climb in journey of the next bitcoin halving, some time around
The material I post is purely educational. I'm not influenced by anyone's bias or social commentary. I simply express my thoughts and opinions on the markets based on what I'm able to see that's mainly based on my ability to recognise familiar patterns and events, most of which comes from having spent more than 20,000 hours chart time charting and observing BTC's movements since 2017. As of the past year, BTC has enjoyed retracements to the 0.5 fibonacci level when viewed across smaller time frames despite preferring the golden pocket zone during it's previous halving cycle.
Do you think BTC will ever make a new ATH again within the next 3 years? Leave your answers below.
