Bitcoin doesn't seem to be slowing down and continues its bullish momentum.
Overall, I believe the chart shows a solid setup for further growth. I'm not exactly sure how high we’ll go, so in this case, I’ll be trading with a clear stop-loss strategy.
📝Trading Plan
Entry: I’m building a position from current levels.
Stop Loss: Stop-loss set at $115,000 (4%).
Target: Target is around $150.000. I'll be trailing stop-loss as price moves higher.
One more thought on Bitcoin:
I don’t expect to see crypto winters like we had in the past. Liquidity in the system has increased significantly, and institutional players are now involved. As a result, we should see fewer long, painful drawdowns and overall reduced volatility.
Overall, I believe the chart shows a solid setup for further growth. I'm not exactly sure how high we’ll go, so in this case, I’ll be trading with a clear stop-loss strategy.
📝Trading Plan
Entry: I’m building a position from current levels.
Stop Loss: Stop-loss set at $115,000 (4%).
Target: Target is around $150.000. I'll be trailing stop-loss as price moves higher.
One more thought on Bitcoin:
I don’t expect to see crypto winters like we had in the past. Liquidity in the system has increased significantly, and institutional players are now involved. As a result, we should see fewer long, painful drawdowns and overall reduced volatility.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.