Indecision to End the Week as Traders Wait For a Big Bitcoin Swing

📊 One of the top swing trading indicators in crypto has nothing to do with support & resistance levels. Counter trading retail's price calls has continually made traders profit. On the chart below:

🟦 = Total mentions of Bitcoin's price predictions at $30K-$70K

🟥 = Total mentions of Bitcoin's price predictions at $120K-$160K In the past 3 months shown, Bitcoin has not had a market value below $70K. And it certainly hasn't had a market value above$120K (considering its $112K all-time high from last month).

This is why this chart is so effective. It reflects the predictions of lower vs. higher prices across X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster. And since markets move the opposite direction of the way the conversations from retail are flowing, these calls can be used as an effective counter indicator.

The latest clear signal was from June 4th to 6th, when retail was showing clear panic as $BTC fell to$101K. But as soon as they started predicting just how low prices could fall, it was a sign that they were selling, whales were accumulating, and you could safely buy for yourself. As of now, traders are mixed and waiting for markets to begin swinging big before having their next emotional reaction.

Track this chart for yourself here, make more informed decisions, and see what others in crypto can't!

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वित्तीय सलाह नहीं है। DYOR।