Hi guys. Hope you have had perfect trades. In this idea i will share you some TA perspectives about Bitcoin Longterm reactions according to historical datas. As you can see each time the price reached the MA50 , made a trough below it and then come back above. Now we can se in Monthly chart that after price shaped a Bottom under MA50 , it tries to come back above with a Bullish Engulfing pattern. after that we surpass MA50 with another white candle and now , Unfortunately we have some frauds in market. (China Evergrande Group bankruptcy and Tesla sold millions of BTC). So in my opinion after a few weeks , Bitcoin start to continue its smoothed run and go towards 36000. its the level we will see at the end of 2023. after that... Lets see what will happen and dont predict far futures :) If you like my opinion please tell me yours in comment. Thank you all my friends
AND There is possible negative divergence on The vol if you notice, divergence and flag are my Things😁
TraderAmin-KZ
⋅
@Paarham i respect your view and its professional 🙏👏
Paarham
⋅
Great chart and view but in my eyes, It will break This important trendline, one of The reasons is I'm seeing Bear #Flag on The chart! last couple candles if you focus, what's your opinion about This Man?
TraderAmin-KZ
⋅
@Paarham thanks parham for sharing your opinion.its a great view of market but in my opinion flags dont work in monthly charts as well as 4H or 1H or less timeframes.so i think according to bitcoin Halving and end of Contraction policy , a rally will start.