Daniel_Romero

Is BTC preparing to raise its price sharply? 52K First Stop?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders!

I share analysis about Bitcoin . The market capitalization of all cryptocurrencies rose 10% to $ 1.042 trillion, according to data from CoinMarketCap. Bitcoin BTCUSD represents around 69% of the total market capitalization. This tells us that the big institutional hands as well as the millionaires have been investing in BTC for the last month, which indicates that the party is just beginning for a big bullish rise this year.

Reasons for the operation:
1.- Corrective Wave 4 ended and a new bullish momentum has begun.
2.- Confluence of Fibonacci levels.
3.- On a daily basis, strong hands continue to enter the market that buy at least 1000 BTC and then withdraw those BTC to cold wallets. They do HOLD because they know that something good is coming for the price of BTC .

The entry data, Take Profit and Stop-Loss are found on the chart as the first stop points.

Have an excellent Trade!
Trade active: The price reached TP1. Following the price action, I entered 45,652
Trade active: BTC days ago it reached take profit 1 (TP). Now we're on our way to TP2
Trade closed: target reached: Both TP

Comments

Wonderful analysis here
+1 Reply
Daniel_Romero Dave-FX-Hunter
@Dave-FX-Hunter, Thank you very much. It is a pleasure to share it
Reply
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