The underlying ideas are the following.
– BTC is having a predictable relief rally after crashing off it’s ATH .
– Using BTC’s past behavior with bars patterns and market psychology I found the bones for these moves
– I used and will continue to use several other points of confluence including a high time frame logarithmic chart that has been useful in predicting macro moves.
– The timing and strength of these moves are also based on my read of the strength of the USD over the coming months.
– I do not believe any of this is written in stone. It is just a potential path and is completely subject to varying conditions. The most impactful, I believe would be the money
supply. I think regulatory concerns and tweets from Elon Musk , etc.. will be used to explain these kinds of moves but are really irrelevant to the dynamics.
You can see the link to a similar earlier Idea linked below. As you can see it was too soon and invalidated but the general notion was still, I believe, valid.
Happy trading :)