uptrend will not start for about another 14 weeks!
What is my idea?
I estimate that the uptrend will begin about 14 weeks from now.
On the chart, a blue dashed line indicates the worst-case scenario.
This week’s worst case is $ 17.8K It will go up by about $ 700 every week. At the end of the fourteenth week (around September 5), the worst-case scenario is approximately $ 25.5K
During this time, Bitcoin’s price is most likely to fluctuate between $ 25.4K and $ 37.2K (Obviously, as I mentioned, the worst-case scenario is always possible, but I am only dealing with the most likely scenario.)
RSI indicator setting:
- SMA -5 ( RSI Weekly 54)
- Yellow area: 55-60
- Green area: 46-49
- Red area: 78-80
VAL and VAH:
Blue line: SMA -55 (Dynamic VAL)
Red-thick-line: VAL in a downtrend
Red-line: VAH in a downtrend
Green-thick-line: VAL in an uptrend
Green-line: VAH in an uptrend
