BitcoinLong
Long on BTC, potentially reaching ATH at $170k.
What's up traders, investors, crypto-enthusiasts.
I am in no way a financial advisor, just a speculative trader (on behalf of my business capital). NFA, this is for educational purposes only.
But here is my chart. This would be assuming that BTC has a similar run or continuation as to the last one, those are the levels that we would be seeing. Again, in my opinion, I believe that we will see pull-back at certain levels, and in the shorter term we could be approaching the 112k range before seeing a sell-off...it could be back in the highlighted green zone; a great time to buy.
In the real short term, we are testing $94-98k levels to see if it is support or resistance (short term tells me we are heading to 94k, and if we do, we have one last level to test that it becomes the newest resistance.
Who knows, at the end of the day, I do believe that BTC has the potential to reach those targets. I marked out each zone/level because I think they are significant.
For example, all of the psychological levels at 100k, 125k, etc. are going to be MAJOR psychological levels. We will see extreme volatility in the markets. I am long-term bullish (meaning BTC will reach insane levels such as
1M and so on) no matter what so that is also why I marked out zones that would be great opportunities to buy.
Buying zone as well!
Anyway, I did not want this to be extremely long but these are my thoughts. Forever hold, it will be alright no matter what. Stick to your risk management plans and remain calm.
namaste
- eager
Trade in Motions llc
I am in no way a financial advisor, just a speculative trader (on behalf of my business capital). NFA, this is for educational purposes only.
But here is my chart. This would be assuming that BTC has a similar run or continuation as to the last one, those are the levels that we would be seeing. Again, in my opinion, I believe that we will see pull-back at certain levels, and in the shorter term we could be approaching the 112k range before seeing a sell-off...it could be back in the highlighted green zone; a great time to buy.
In the real short term, we are testing $94-98k levels to see if it is support or resistance (short term tells me we are heading to 94k, and if we do, we have one last level to test that it becomes the newest resistance.
Who knows, at the end of the day, I do believe that BTC has the potential to reach those targets. I marked out each zone/level because I think they are significant.
For example, all of the psychological levels at 100k, 125k, etc. are going to be MAJOR psychological levels. We will see extreme volatility in the markets. I am long-term bullish (meaning BTC will reach insane levels such as
1M and so on) no matter what so that is also why I marked out zones that would be great opportunities to buy. Buying zone as well!
Anyway, I did not want this to be extremely long but these are my thoughts. Forever hold, it will be alright no matter what. Stick to your risk management plans and remain calm.
namaste
- eager
Trade in Motions llc
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