However, by Friday night the 4hour time period forecast became more and more red. By Saturday evening only one yellow peek for the projection was left and I sent out a warning tweet to everyone that this weekend changed it all.
On Tuesday, I sent another tweet with a warning that the next 24hours were critical. While others like Prime Trader send out this message to his 5000+ followers, saying, that it’s time to be long in $BTC I warned that it will break below 44k.
What can we learn from this?
The 1d time period projection is a long term projection. If nothing special happens, then this is a relaxed forecast for the next 2 weeks. If something major and unexpected happens (Musk + China), then this relaxed forecast could dramatically change making it’ the shorter time periods more useful. It takes some time until a 1d projection changes it’s overall outlook. That’s why it’s so important to check the shorter time periods during those unexpected times like last week.
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