BTC Bottom in Today & Next High Confidence BTC Move Up Around Aug 23rd - Triple Confluence This is another, fun, short-term Bitcoin price prediction using the triple confluence of Global M2, Gold and Inverse DXY, each shifted forward by 82 days. Doing so last time correctly called a move up in advance (see the post below). This seems to indicate a high probability of two things: 1. The bottom could be in today (Aug 18th) 2. The next, predictably, high-confidence move up will be around Aug 23rd. The second point is the highest confidence as all 3 metrics show it. The first point is lesser confidence as it looks like there could be a few sideways days ahead from the metrics, but roughly speaking, the bottom seems to be near. This "triple confluence" is an experimental thing I'm doing to see how it works out at predicting somewhat short term moves. Read the quoted post below for more context and data.
Colin Talks Crypto 🪙
Colin Talks Crypto 🪙5.8. klo 21.55
Next $BTC move-up prediction: August 9-13th This is an EXPERIMENT to see if 3 charts (Global M2, Inverse DXY, and Gold) act as confluence, and if they can predict *when* BTC's next short term price move up will begin for BTC. Pictured: • Global M2 [yellow line] • Inverse DXY [blue line] • Gold [pink line] Each was offset by 82 days to match the most recent price moves. This offset was chosen purely visually and for recency. It was overfitted on purpose. For a longer term view (which is not what we're looking at here) an offset of about 90 has a stronger average correlation. I want to be very clear: this is just an attempt at guessing the next short term move based on short term confluence. This is NOT intended to give some big macro picture. This is an EXPERIMENT to see if these three charts can offer us increased odds of determining the next short term price move correctly. Let's watch and see. 🍿
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