Bitcoin near term probabilities 18.08.24
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Some zones with estimated probabilities.
I see the red arrow scenario of a lower probability than the prospect of BTC staying above 52k.
While the big green circle zone is estimated with a potential incursion, there is also a case for milder bullish tone scenario (white arrow) that doesn't propel this to much higher ground, where also there is an estimation for potential appearance of bearish mood. (anywhere between 68k-78k -> blue arrow)
A support type of price action would be ideal in the purple rectangle zone or above it, and this is the zone of a more special interest in this project.
All probability estimations do not guarantee a specific envisioned outcome. Preferably it would be better to see some signs that these estimations are close to being relevant.
The dimension of the circles might vary depending on the screen and resolution or device used. The lines below them are for reference for their radius regarding the scale adjustment, although their overall position and concept is more relevant than the size.
I see the red arrow scenario of a lower probability than the prospect of BTC staying above 52k.
While the big green circle zone is estimated with a potential incursion, there is also a case for milder bullish tone scenario (white arrow) that doesn't propel this to much higher ground, where also there is an estimation for potential appearance of bearish mood. (anywhere between 68k-78k -> blue arrow)
A support type of price action would be ideal in the purple rectangle zone or above it, and this is the zone of a more special interest in this project.
All probability estimations do not guarantee a specific envisioned outcome. Preferably it would be better to see some signs that these estimations are close to being relevant.
The dimension of the circles might vary depending on the screen and resolution or device used. The lines below them are for reference for their radius regarding the scale adjustment, although their overall position and concept is more relevant than the size.
Ghi chú
I like the price action around the potential incursion circle. I would also like to see it drop a bit even if the white is avoided, and even if we don't reach the potential support purple zone, I will be looking out for potential signs of bullish tones that might creep in to consider the scenario of an ascent towards the probable incursion zone...
Ghi chú
Never got to touch the green potential resistance zone above, and it might avoid the purple potential support below as well.
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late update. no comment
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