For BTC/USD, I have two plans for preparing for the next cycle. If the price is able to break through the FAIR VALUE GAP WEEKLY and turn it into an INVERSE FAIR VALUE GAP first, then it is highly likely that BTC/USD will enter a SUPER CYCLE. However, if the price breaks through the WEEKLY ORDER BLOCK first, BTC/USD will return to the 4-YEAR CYCLE. In this cycle, I will buy BTC/USD at the WEEKLY ORDER BLOCK or MONTHLY BALANCE PRICE RANGE. My TP target for both cycles is USD 229,780.00. However, I will partially take profit at 200,000.00 USD. I obtained this target from STANDARD DEVIATION - 4, which is the result of marking FIBBONACCI RETRACEMENT on the ATH cycle 2021 to SWING LOW cycle 2025. Why did I use this? because in the previous cycle, after BTC/USD touched around the STANDARD DEVIATION - 2 area, the price immediately dropped below and ended the cycle, so I use this as my reference for TP in this cycle. (DISCLAIMER ON)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.