Yesterday I did a back testing on a 5min TF using pips at 85.9 for price to reach target at $62,158.
Target reached today more than $62,158 3/3 4:30am PT.
Why did I backtest? when using a 1 sec TF, candlesticks was wavy yesterday and today before 4:30am pt. Many had doubt, whales were setting up bull traps and bear traps. Many retail traders exited by not having trust in pips or for whatever reason.
Remember pips does not mean target moves only upwards until target is reached. That would be great but in the real world it comes with downwards as well. The actual true range does not lie. Regardless of it being wavy, target was reached today at 4:30am pt.
I want ya to have a wide view prospective on how can a larger value by using PIPS will be.
1. Will BTC have tiny falls and big up moves?
Answer: yes
2. Will pips reach target?
Answer:yes
3. Will BTC cause confusion, doubts, fear etc when it downtrends?
answer: yes
Remember $79,373 target value
Pips are at 7908.6
So now what ya think will happen?