Bitcoin / TetherUSDiupdate BTC | Q2 FORECAST | ALWAYS SHARPENING THE BLADE
Having surface knowledge of the financial markets, I've realized that instead of trying to perfect my craft, why not just document my progress - so here we go - still a bit scattered for now...
For the past year or so, my system has been based on fundamentals, historical data, MA setups upon entry (15m & 4hr TFs) & attempts to apply the Fib Retracement.
I've recently just found that TradingView offers so many features such as the diff indicators & the capability of publishing ideas such as this, which is why I will now be dedicating a small amount of time to enrich my technical skills & analysis in the cryptocurrency market. Indicators will slowly be added to publications once I gain more confidence & familiarity in applying them
As for my analysis in this idea, my main strategy/ies for the past year have been pretty much across the board:
Time horizon: 8-12 week accumulation (per quarter)
Target: Price Targets here have been set around Q2
Initial Tools & indicators I started with:
EMA | RSI | Volume | Fib | Trend line/s | Support / Resistance line/s
Additional tools as of Feb 2022
ADX | OBV | F&G index
Primary Influence/s: [ TradingView won't allow links on free accts :-( ]
TradingMavericks
scottmelker
EmperorBTC
MaccMeister
For the past year or so, my system has been based on fundamentals, historical data, MA setups upon entry (15m & 4hr TFs) & attempts to apply the Fib Retracement.
I've recently just found that TradingView offers so many features such as the diff indicators & the capability of publishing ideas such as this, which is why I will now be dedicating a small amount of time to enrich my technical skills & analysis in the cryptocurrency market. Indicators will slowly be added to publications once I gain more confidence & familiarity in applying them
As for my analysis in this idea, my main strategy/ies for the past year have been pretty much across the board:
Time horizon: 8-12 week accumulation (per quarter)
Target: Price Targets here have been set around Q2
Initial Tools & indicators I started with:
EMA | RSI | Volume | Fib | Trend line/s | Support / Resistance line/s
Additional tools as of Feb 2022
ADX | OBV | F&G index
Primary Influence/s: [ TradingView won't allow links on free accts :-( ]
TradingMavericks
scottmelker
EmperorBTC
MaccMeister
Catatan
Based on my personal forecast in the beginning of 2022, historical and current data, it seems our Q2 bull run has indeed come to an end.Though BTC never broke a new ATH, its attempt to surpass 50k was promising and just short of a few more bullish candles on the weekly. Altcoins also had some nice pumps but not all broke through the ceiling.
At the moment, volume is low & prices are finding footing.
Negative news & Geopolitical factors are also looming, so there's lots of unrest & uncertainty both on the fundamental, as well as on the technical side.
Unless we see a massive trend reversal in the next 30 days, I am bidding farewell to Q2 and will stick to slow cost averaging & filling my bags until we see another run towards the end of the year.
Great runs, great trades, valuable lessons learned, and a ton of experience & knowledge gained for this quarter.
The quest continues.
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