7 FOMC meetings, 6 opening declines—statistically I have the edge, but I only add positions below qO to avoid getting squeezed.

View Original
AriaNaka
$BTC FOMC Analysis of this entire bear market,

We had 7 FOMC(s) this bear market, with 8th one approaching,

Out of those 7, we have dumped 6/7 times on the opening,

With only previous FOMC that pumped on the opening and dumped later as we were expecting it to.

Which clearly shows that there's a very high chance we dump on the next one as well (17th June).

I think 17th is gonna mark the lower high of this range and we will start dumping afterwards,

I am targeting for price to reach Low 50s after we form the lower high.

Also, the max extension that I can see price reach is 68-70k,

So, anything above 70k is a free short with targets around Low 50s.

Though, I will personally start adding to shorts below qO and DCA if we go higher, this is to avoid getting frontrun.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned