No time to produce a video I'm afraid, but here's how I normally extrapolate price action at prices previously uncharted.....
1) Time - repeat the time between last two previous highs, gives us an idealistic time horizon of around 1st October 2025.
2) Trend - Continuation of trend of previous last to highs gives us an idealistic price altitude along the course of time
3) Mapping Trend and Time gives us an idealistic high of ~$120K on 1st October 2025.
4) PA - We've already started the move up, so mapping previous high build up and stretching to match both extrapolated time and price gives us the potential to hit just over the magic $100K mark around July 2024, before a major pullback to previous ATH around $60K before then re-pumping and hitting the targeted ATH of ~$120K on 1st October 2025. Finally after this takes out the immediate $100K High, the longer sell off will occur.
NB. This is all based on an extrapolation. Current PA suggests a quicker move up, so I wouldn't be surprised if $BTC formed a top in approx. 3 months time at approx. $100K....
It’s extremely difficult to predict a timeline for this. However price does have some indicators of where it may go to……
The last two previous major highs both pulled back at least 75%. If you mark those up, on the weekly chart you can see a distinct area around the 75% line where accumulation on the way up at this point, clearly became the final support / bottom when it came down.
Extrapolating forward, on the 75% pullback from the current ATH again we have a nice cluster of accumulation on the weekly. This would be my area of interest.
This gives us a price of ~$40k.
Will I blind buy it? No. But if PA suits then yes (as per squiggle below).
$BTC
GM.
☕️
Guinness World Records stopped monitoring the record for the most beer drunk in one hour in 1989 due to health concerns.
The record holder at the time was 23-year-old Jack Keyes, who drank 36 pints over the course of one hour in Northern Ireland in 1969.
It’s extremely difficult to predict a timeline for this. However price does have some indicators of where it may go to……
The last two previous major highs both pulled back at least 75%. If you mark those up, on the weekly chart you can see a distinct area around the 75% line where accumulation on the way up at this point, clearly became the final support / bottom when it came down.
Extrapolating forward, on the 75% pullback from the current ATH again we have a nice cluster of accumulation on the weekly. This would be my area of interest.
This gives us a price of ~$40k.
Will I blind buy it? No. But if PA suits then yes (as per squiggle below).
$BTC
GM.
☕️
4 years ago I was doing trolleys at Sainsbury’s on a Monday night.
I left. Worked hard, got an economics degree and learnt to trade.
Now I’m doing trolleys at Waitrose on a Friday night.
Never give up 💯💎💫🛒
My son melts my heart. 🧡
Ask him if he wants to spend his money on anything for himself, “no”.
Ask if I should buy him something, “no it’s too much money”.
His elder sister gets upset as she can’t afford something for herself, unprompted he jumps in “I’ll buy that for you”.
One of the most empathetic generous people I know. And he’s only 9 years old.
If you get information overload by checking all timeframes and end with some saying up and some saying down resulting in you being confused, then I’d recommend you try limiting yourself to a pair of timeframes. Use higher timeframe for your bias, then use lower timeframe to work out where you are within the context of the higher timeframe.
Pairs I often use:
D1 —> h1
h1 —> 5m
It’s good to get a feel for what’s happening on the much higher timeframes but if your trades are mostly took on 5m chart for example and last only a few hours, then what’s happening on the M1 isn’t really going to influence your trade.
And the same for vice versa. If your trading pair is 1W —> 1D, then the smaller timeframes such as 5m should not be given too much emphasis over your trades.
GM ledges
Apologies for being MIA recently, I have lots of things consuming my time at present.
I hope to share my current views on the market a bit later.
☕️