In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin. Please, read!
The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
On the chart you can see a great potential setup that you can take for a massive profit, up to 186%! 12500 USDT is a very strong level and there is a confluence to buy exactly at this point.
Confluence: start of the gap from 2020 + previous swing high from 2019 + impulse Elliott Wave completed + Wave A + previous Wave (1) support + previous breakout level of the Head and Shoulders pattern.
If you don't want to wait for this profit target, you can sell Bitcoin at 17600 USDT or 24000 USDT, which are strong resistance on the way up. But I think 24 000 USDT is definitely doable!
The price is below the 200 weekly moving average, which is really bad. This particular MA is considered a strong support/resistance by huge institutions and hedge funds.
According to my Elliott Wave analysis, there is a high probability that we are going to finish this incomplete impulse wave, so more downside is possible!
Buy bitcoin at 12500 USDT and sell it at 35900 USDT. It sounds like a great plan, doesn't it?
everyone expect 12.500$ and lower. not gonna happen. time will tell. but apparently right now is the best buy opportunity for this cycle.
Perfect_Money
⋅
@CryptoTribi, Agreed, to much institutional $ holding these assets up atm. Who do you think has been holding BTC at these levels? Not M. Saylor.
Jayvanceee1313
⋅
@Perfect_Money Saylor sold? Dude had super diamond hands I thought. BTC will become more regulated and probably become a commodity on the US market by the end of 2023. I don't really trade, I just buy a hold long term and I've been buying when it dips under 20k. if it goes lower that's fine. I'm in it for the long run and I believe the top like 15 cryptos who actually have use cases for them, Will become more mainstream over timem. I am essentially betting on the sector as a whole to grow. I don't buy BTC. Mainly alts but the ones that actually provide good use cases.
Tolberti
⋅
@CryptoTribi, I think that everyone expect 17k was the bottom. And 12 500 too, so we reach 15k and then it will reverse. 😃
Badgergrease
⋅
@Tolberti, This seems a far more sensible assessment. Remember that man cannot live by charting alone… :)
Badgergrease
⋅
Who is it that is going to sell their bitcoin for £12,500? They had better have a load of it, as everyone seems to be waiting to buy at that price.. Meanwhile, in the real world, all available coin is being hoovered up now by the major players…
Michael_crypto_trading
⋅
@Badgergrease, at 12,500 will sell people who buy at 18K thinking it was the bottom ....