Let's look globally - what are the targets for bitcoin? BTC/USDT
Hello dear friends.
At this time, let's take a golo look at the situation with bitcoin, and try to determine what the probability is to see the price of 90,000 for one bitcoin.
On this trading idea, I showed you the figure of price uncertainty - this is a "symmetric triangle"
Only professionals can trade such patterns, and those who determine the price of bitcoin - by selling it at the upper bounds, or by taking bitcoin - from "weak hands"
None of us can estimate 100% where the price will go, but we trade within the day. (and so far we are not bad at it)
I cannot show everything that is on this graph, but I will try to describe it in simple words.
This "symmetric tregolnik" formation can be traded only if the price (true breakout + price creaking, or better, when the price has rolled back to the support zone, or resistance in the event of a fall), you can enter a position defining where the price will go after the breakout of this triangle)
Analyzing the of the situation with bitcoin, we had such formations in 2013-2015. Look how they deceived everyone by making a big squeeze down, and bought all the positions for a further hike up. Then, for many traders, this squeeze meant a continuation of the fall, and everyone entered a short position, where they lost, lost and lost their "pennies".
If we look at it globally, then cryptocurrencies will be accepted into the world, the economy of the whole world should change.
I will not tell you that now you need to buy bitcoin, or sell it, but I want to say that if what I wrote to you in the previous trading idea takes place, as well as when they confirm going beyond the boundaries of this triangle, keep bitcoin up to this mark at 93500-97000
Because we are on one of the bullish formations in the global upward channel.
I will post it here under this trading idea.
In addition, if the price breaks outside this triangle, its correction will be the same as the price gap between the high and low points of this pattern.
Moreover, the price, no matter how strong the purchase of blocks, will be brought to such marks as - 18000-21500.
On which a quick purchase and return of the price to the initial position is possible.
At this time, let's take a golo look at the situation with bitcoin, and try to determine what the probability is to see the price of 90,000 for one bitcoin.
On this trading idea, I showed you the figure of price uncertainty - this is a "symmetric triangle"
Only professionals can trade such patterns, and those who determine the price of bitcoin - by selling it at the upper bounds, or by taking bitcoin - from "weak hands"
None of us can estimate 100% where the price will go, but we trade within the day. (and so far we are not bad at it)
I cannot show everything that is on this graph, but I will try to describe it in simple words.
This "symmetric tregolnik" formation can be traded only if the price (true breakout + price creaking, or better, when the price has rolled back to the support zone, or resistance in the event of a fall), you can enter a position defining where the price will go after the breakout of this triangle)
Analyzing the of the situation with bitcoin, we had such formations in 2013-2015. Look how they deceived everyone by making a big squeeze down, and bought all the positions for a further hike up. Then, for many traders, this squeeze meant a continuation of the fall, and everyone entered a short position, where they lost, lost and lost their "pennies".
If we look at it globally, then cryptocurrencies will be accepted into the world, the economy of the whole world should change.
I will not tell you that now you need to buy bitcoin, or sell it, but I want to say that if what I wrote to you in the previous trading idea takes place, as well as when they confirm going beyond the boundaries of this triangle, keep bitcoin up to this mark at 93500-97000
Because we are on one of the bullish formations in the global upward channel.
I will post it here under this trading idea.
In addition, if the price breaks outside this triangle, its correction will be the same as the price gap between the high and low points of this pattern.
Moreover, the price, no matter how strong the purchase of blocks, will be brought to such marks as - 18000-21500.
On which a quick purchase and return of the price to the initial position is possible.
Comment:
Reminds you of nothing? Bitcoin Jun 2017
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