Bitcoin. Tech analytics 01/04 Long

Bitcoin / TetherUSBinance

Description

⋅ Jan 4, 2024 5:29 PM

Approached an important resistance level zone 44-45k, locally growing trend, goal to break through the historical maximum

Pressing against the resistance level trying to accumulate energy and short positions

Accumulate energy in the range of 40-45k, range size 8%

We can assume that if we can break through the resistance at $44,000, then we can reach the 48k level with an exit calculation of 8% of the range

If we manage to gain a foothold above $45,000, then there is a high probability that we will continue to move towards $60,000

To continue the uptrend it is important to maintain support at $40,000; if we cannot do this, we will fall to $30,000

I am counting on a breakout of $45,000 and a continuation of the movement to $60,000 and a continuation of the Uptrend globally

Comments

Tradersweekly

⋅ Jan 4, 2024 5:55 PM

Thanks for sharing your view. But I do not know. Many things are reminding me of late 2021. People are getting ahead of themselves and the market; plus, many of those people who were oblivious to the market top back then are again predicting ridiculous price tags and fairy tales. From my empirical experience, when the narrative is about how everyone will get rich and the market will go up to infinity, usually, most people get destroyed by the market.

Juliia

⋅ Jan 4, 2024 6:04 PM

@Tradersweekly I agree with you that it is a bad idea to participate in fomo. I work only on spot and choose to work from the level for a small profit, which makes it possible not to always be in the market. But nevertheless, technically the picture looks like an exit to 60k, I have been in the crypto market for 7 years, several different cycles have seen and fakes and nevertheless we already have a price now 44k, not 1k