I'm happy to join the flood of voices predicting where BTC will turn next.
Back around 16k I made some TA that suggested BTC would fall to 6k (proof here).
I was called crazy by certain people and i decided not to publish an idea here. Sadtimes.
In any case, we're seeing some signs that this recovery will be different than the others. The acceleration support/resistance line has been a great indicator for calling BTC movements in the past. If the bull and bear lines cross on it while the price is far away from the cloud, it crashes nearly every time.
We're also seeing some very healthy sideways movement and respect to fib lines, which I like to see. Finally, we have our catalyst indicator which is the derivative of alt sentiment shown below. Historically, a cross on that indicator indicates the direction of the trend from that point forward, and we've just seen a bullish cross.
My target is just over 10k for the next rally.
Back around 16k I made some TA that suggested BTC would fall to 6k (proof here).
I was called crazy by certain people and i decided not to publish an idea here. Sadtimes.
In any case, we're seeing some signs that this recovery will be different than the others. The acceleration support/resistance line has been a great indicator for calling BTC movements in the past. If the bull and bear lines cross on it while the price is far away from the cloud, it crashes nearly every time.
We're also seeing some very healthy sideways movement and respect to fib lines, which I like to see. Finally, we have our catalyst indicator which is the derivative of alt sentiment shown below. Historically, a cross on that indicator indicates the direction of the trend from that point forward, and we've just seen a bullish cross.
My target is just over 10k for the next rally.
