Bitcoin /USD rate (December 2021)
I am mainly just providing a cleaner update to my last 3-day candle chart view.
Most of my notes from last week’s updates should still be relevant in my opinion. I have a couple more ideas to focus on and explore as well in future updates.
To be explicit: I believe peaks and lows that will be achieved from now until mid/late-2023 are:
Low: $6,580 (+-25%)
High: $75,320 (+-7%)
This could be wrong but I’m just documenting my ideas now so I can attempt to see where I went wrong in the future. I have said it often recently but I will keep saying it, I am biased towards being bearish on bitcoin at the moment. I don’t want to change my mind which sounds crazy right now.
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
I am mainly just providing a cleaner update to my last 3-day candle chart view.
Most of my notes from last week’s updates should still be relevant in my opinion. I have a couple more ideas to focus on and explore as well in future updates.
To be explicit: I believe peaks and lows that will be achieved from now until mid/late-2023 are:
Low: $6,580 (+-25%)
High: $75,320 (+-7%)
This could be wrong but I’m just documenting my ideas now so I can attempt to see where I went wrong in the future. I have said it often recently but I will keep saying it, I am biased towards being bearish on bitcoin at the moment. I don’t want to change my mind which sounds crazy right now.
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
