If this chart doesn't turn you instantly into a Bitcoin bull I don't know what will... .
This is the BTCUSD monthly timeframe. Let's get started right away!
1) A bullish candlestick pattern is forming on the monthly timeframe.
2) Full green candle. Notice the current months candle is trading higher than the monthly close of September, October, November and December 2022.
Bitcoin closing January 2023 above $20,500 would send a very strong bullish signal.
The very easy to reach target/resistance level on confirmation of this signal is $23,800 - $24,300, this is very easy for bitcoin if this signal is confirmed.
The price action in February will confirm if we stay at $28,000 to $31,200 or the if the doors remain open to 48K.
Solid technical pattern. What is your opinion on our idea?
SwallowPremium
⋅
When would be the best time to enter with position?
s0ckchanhkute
⋅
How long does it take to buy Bitcoin at a good price?
maroff
⋅
@s0ckchanhkute, buying bitcoin as a good price means below 10k. the only reason why bitcoin is trading that high at moment is leverage. If u dont know, how much leverage is within crypto, you should not buy any crypto. thats why canada is banning leverage trading on crypto: because its all leverage. look at correlation between the opening of futures market 2017 and the bitcoin price movement since this time.