In a macro perspective it's very possible to see Bitcoin Dropping arounds 40K - 42K (maybe 36.7K) to get strength to reach a new ATH. There are also some macro perspectives that supports the idea that we are ready to reach new highs right now!
I'm sharing with you guys a "micro point of view" in the 1H chart, if we are going to a 50K without testing...
The tips that I am about to give you can completely change your results as a trader and it can help you to start becoming a PROFITABLE TRADER or if you already is a profitable trader it can help you to increase your "win rate".
1 - Never blindly trust in the Moving Averages or any other indicator that you have set in your chart, it only takes a big spike on...
Bitcoin has tested the high of 2020 as support for the third time in the past 3 months.
I know that many of you guys already know it but for the ones that don't, Bitcoin have never tested the high of 2017 ($19K - $20K) as support, the price just went straight "to the moon", and that's why you always hear people on the internet saying that Bitcoin is going to 20K....
I understand that we are in a moment of uncertainty, so I'm gonna introduce two points of view, for the ones that are Bullish or Bearish on MATIC and I will explain why I am "long" on this trade no matter the trend (bullish or bearish).
For my Bullish friends:
- I traced Fibonacci from the lowest point in April at $0.25 right before the bullish momentum that took...
Reasons why I am bullish on this trade:
* Bullish Moving Averages.
* RSI divergence.
* Breakout of a descending channel .
* Is currently using an old resistance as support (weekly resistance/support *Orange Lines*), next resistance will be around $0.71, 76% higher than the current price.
* It got close to the 0.786 Fibonacci retracement and went back up again,...
AAVE/USDT is breaking out from a descending channel.
- It will retest the price between $233 - $242. (Buying zone)
- Price is expected to reach a zone between $269 - $281. (Take Profit)
Be aware that the price of most cryptos is deeply connected to how Bitcoin moves, if Bitcoin holds between $34700 - $36500 I strongly believe that AAVE can test the $281...