very detailed, thanks for sharing you know your stuff very well i too anticipate a positive week ahead for this one!View attachment 54346
View attachment 54347
Hi all. Kind a long time no see from me but this time you`ve got to excuse me again. I`m not in a mood for some big charting so i`ll be short and share with you the actual weekly chart from the last time plus some new Stock to flow model.
Actual situation (chart 1).
As a conclusion i`m expecting a positive next week.
- Support and resistance:
- 1st support - $8500 - 50% Fibo and VPVR profile
- 2nd support - $7800
- 1st resistance - $9500-9800
- 2nd resistance - $10500 – that will be a MAJOR resistance not only for the mid-term but also in a long-term, on the way to the next ATH like mentioned above.
- Weekly pivot point is $9278.15.
- 50 SMA is below the price for now.
- 21 EMA is below the price for now.
- We`re very close to a bullish cross between 21EMA and 50SMA but let`s wait for confirmation.
- Whole this week candle is above the symmetrical triangle. Very positive sign.
New Stock to flow model. (chart 2).
With the actual money printing and very possible inflation and even hyperinflation the future BTC price can reach $100k, $1mil. and more. But what will be the purchase power of this $100k or $1mil.? I think that`s the big question. Unlike the FIAT, Gold is gold. No matter now, before 100 of years or after 100 of years. That`s why the latest BTC vs Gold Stock to flow model is getting more important. Just check the chart.
That`s all for now.
See ya next time.