BTC / Bitcoin - Consensus of Indicator Analysis / Forecast

2024년 2월 29일

On this highly reliable weekly chart I have placed and added various indicators. My review of

them is on the chart. Solely from the perspective of my review and analysis and not at all

setting aside the idea of BTC to $250K in 2024, Bitcoin may be overbought with a high RSI

and MACD about to cross lines over a relatively thin histogram. Price is higher than the 3rd

VWAP band line 3 standard deviations above the mean of the anchored VWAP and the

mass index is above the threshold for it to fall to trigger a reversal Accordingly, I will not

add to my position and will hold what I have. Further, i will take a look at the NASDAQ

Cryptocurrency Index and if it appears to be similar to BTC which is the biggest market cap

within that index, I will not add to ETHUSD or any of the other "stable coins".

I am prepared to short BTC on a forex exchange with leverage once an established trend is

seen on a 60-180 minute chart with checking ADX and DI +.

2024년 2월 29일

액티브 트레이드

SHORT BTCUSD on the reversal as per the idea

2024년 2월 29일

노트

Short Bitcoin now as per the idea above- volatility flipped to downward pressure on price and a selling volume spike black candle printed