NewWave_Traders

Things Are About To Get Spicy For Bitcoin and Crypto!

Short
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
In comparison to previous bull cycles this rally from the depths of 15k on bitcoin sure has taken its sweet time.

It's quite often the opposite when crypto is in a bull market.

The last rally from 25k to 48k was a bit more of the personality we are use to.

So is bitcoin geared to moon to new All time highs?

It certainly continues to increase its probability to do so and it's about to come up on its next inflection point where it can shift its probability even further, or decrease it.

In the short term I'm projecting a pullback to 48k to 47.5k. It's at this area depending on how we react that I'll look to project whether price moves down to 40k or a new ATH!

That's a pretty pivotal inflection point we're coming up on... one that can give near certainty to a new ATH being created.

If you want to stay tuned for when that confirmation comes then make sure to follow this channel and boost this trade idea.

To your success,
Schyler

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.