cryptonrek

Bitcoin, Parabolic (short term), Sell-down, to Bullish Cycle

Education
KRAKEN:BTCUSD   Bitcoin
SynQ + Market Cycle (consumer psychology, market factors - USDT, futures, et al)

The identified market trend to top BTC (initially) to $10,500, as posted to Twitter yesterday, has been properly adjusted to the FOMO inflations in the cycle, and what the coming 230+ 4 hour market periods could play out over the coming 4-5 weeks. The probability of this tapers from 41% (current) to 38% after 10 bars, 33% after 18 bars, 27% after 40 bars, etc. However, as this progresses, and each price range is touched, probability elevates on confirmations (validations of projection); we did the same thing in May, and the bars painted matched 88.3% of the time (for 197 4 hour market cycles).

For more on this, go to cs.synq.tech

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.