Key Levels and Objectives.
Martínez suggests buying around $49,330
and taking profit at the channel resistances: $178,478 (CVDD 3.618x) and $273,158 (Alpha CVDD). A move from $49,330 to $178,478 implies approximately a 260% profit, with an additional rise of ~53% to $273,158.
Complications for your portfolio.
At the time of this post, Bitcoin was trading near $67,350, almost flat for the week and down 1% in 24 hours. If you decide to consider this strategy, assess risk management and remember that the methodology respects the Bitcoin standard in on-chain analysis.
BTC
66,982.58
+1.41%