Hello, traders!
The short-run correction downwards has finished and we’re seeing the continuation of a medium-term trend upwards.
Yesterday, the Bitcoin price has broken through a significant resistance level at $8,500, and, as a result, the price has gained strong momentum.
The analysis of trendlines and different chart patterns indicates that the next short-term target for the Bitcoin price is located at $10,000. We believe this target will be achieved within the next two weeks if the strength and direction of the current trend persist.
As I’ve been saying in my previous trade signals, now is a great time of opportunity for traders and investors. Today we’re seeing one of the strongest trends in the history of Bitcoin as a cryptocurrency. The price has increased by 131% year-to-date, and by 70.7% just for the last month.
Most importantly, I have a reasonable basis to believe that this is just the beginning of a new long-term bull cycle UP.
Recent price correction was a temporary development and was a good opportunity to buy into Bitcoins cheaply.
Importantly, the current upward trend in the Bitcoin price is being confirmed by the positive trend in fundamental variables of the Bitcoin network. Bitcoin is becoming an increasingly stronger cryptocurrency in terms of both unique addresses used and daily confirmed transactions in the Bitcoin network.
The next two weeks’ forecast of the Bitcoin price is from $10,000 to $11,500, implying up to +30% appreciation from the current market price (at $8,900).
In fact, if you feel like taking on a higher level of risk, then you can potentially increase your profit to +300% by using 10x leverage.
Today the following signal is active:
- Buy Bitcoin in at $8,800 - You can use a buy limit order or enter at market
- Stop-Loss: $8,500 - the next significant support
- Take-Profit: $10,000 - slightly below the next significant resistance
- Forecasted P&L: +$12,000 or +130%, calculated per 1 Lot with 10x leverage
- Risk/Reward Ratio: 6.5x
If you agree then Like this post! This will be the best feedback and encouragement for me!
To your trading success,
Monfex
The short-run correction downwards has finished and we’re seeing the continuation of a medium-term trend upwards.
Yesterday, the Bitcoin price has broken through a significant resistance level at $8,500, and, as a result, the price has gained strong momentum.
The analysis of trendlines and different chart patterns indicates that the next short-term target for the Bitcoin price is located at $10,000. We believe this target will be achieved within the next two weeks if the strength and direction of the current trend persist.
As I’ve been saying in my previous trade signals, now is a great time of opportunity for traders and investors. Today we’re seeing one of the strongest trends in the history of Bitcoin as a cryptocurrency. The price has increased by 131% year-to-date, and by 70.7% just for the last month.
Most importantly, I have a reasonable basis to believe that this is just the beginning of a new long-term bull cycle UP.
Recent price correction was a temporary development and was a good opportunity to buy into Bitcoins cheaply.
Importantly, the current upward trend in the Bitcoin price is being confirmed by the positive trend in fundamental variables of the Bitcoin network. Bitcoin is becoming an increasingly stronger cryptocurrency in terms of both unique addresses used and daily confirmed transactions in the Bitcoin network.
The next two weeks’ forecast of the Bitcoin price is from $10,000 to $11,500, implying up to +30% appreciation from the current market price (at $8,900).
In fact, if you feel like taking on a higher level of risk, then you can potentially increase your profit to +300% by using 10x leverage.
Today the following signal is active:
- Buy Bitcoin in at $8,800 - You can use a buy limit order or enter at market
- Stop-Loss: $8,500 - the next significant support
- Take-Profit: $10,000 - slightly below the next significant resistance
- Forecasted P&L: +$12,000 or +130%, calculated per 1 Lot with 10x leverage
- Risk/Reward Ratio: 6.5x
If you agree then Like this post! This will be the best feedback and encouragement for me!
To your trading success,
Monfex
