Bitcoin (BTC) Long-term Analysis
Hi
I hope you all are in a constant profit.
Bitcoin on 1D time-frame is in a range between ($57500~$58500) and $63700.
According to the BEXP indicator in the 1D time-frame, Bitcoin is about to explode very soon on this scale.
So we can judge the breakouts with this range so:
If a Daily candle closes above $64000, $66000 would likely be tested (and maybe a new ATH).
If a Daily candle closes below $60000 and Daily EMA21, Bitcoin would likely test the lower range between ($57500~$58500).
If there is a new ATH, we can draw our Fibonacci extensions to approximate the probable targets. Also, if a Weekly candle closes above $62000, it would be very likely Bitcoin will have a new ATH.
Note that all of these are just possibilities, and a trader does not care about the direction of volatility. A trader trades the volatility.
Thanks for your time.
Regards, Hashem.
I hope you all are in a constant profit.
Bitcoin on 1D time-frame is in a range between ($57500~$58500) and $63700.
According to the BEXP indicator in the 1D time-frame, Bitcoin is about to explode very soon on this scale.
So we can judge the breakouts with this range so:
If a Daily candle closes above $64000, $66000 would likely be tested (and maybe a new ATH).
If a Daily candle closes below $60000 and Daily EMA21, Bitcoin would likely test the lower range between ($57500~$58500).
If there is a new ATH, we can draw our Fibonacci extensions to approximate the probable targets. Also, if a Weekly candle closes above $62000, it would be very likely Bitcoin will have a new ATH.
Note that all of these are just possibilities, and a trader does not care about the direction of volatility. A trader trades the volatility.
Thanks for your time.
Regards, Hashem.
Without Risk and Position Management, You WILL Lose Money.
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