"BITCOIN" Best place to buy and some speculation on the market!!
Welcome to this quick update
I promised to share my ideas whenever I feel that the time is correct to turn the table and be bullish, so here it comes:
Let me summarise my thoughts real quick:
We are trading in a wide range just below 2022 Yearly open and above $32800 for about 60 days now, We have seen a similar range last summer when Bitcoin was trading between $28000 and $42000.
So it is wise to say that above the yearly open level, we shall have a new bull run and from there, our first major resistance will be $60000.
But as long as we stay in this range, I am only interested to open positions towards the liquidity grabs.
I will long only under these circumstances:
1. around $36000 after we take the liquidity lying in there
2. above $40500 which is the current resistance, after we reclaim it
My targets will be:
Depending on my entry price, I will use the Fibonacci tool to identify my TPs. so follow me on tradingview to get notify whenever I post something new regarding my positions.
Don't forget to hit the like button if you find my analysis useful,
and if you have any other ideas please share them in the comment section so me and everyone else can use them ;)
I promised to share my ideas whenever I feel that the time is correct to turn the table and be bullish, so here it comes:
Let me summarise my thoughts real quick:
We are trading in a wide range just below 2022 Yearly open and above $32800 for about 60 days now, We have seen a similar range last summer when Bitcoin was trading between $28000 and $42000.
So it is wise to say that above the yearly open level, we shall have a new bull run and from there, our first major resistance will be $60000.
But as long as we stay in this range, I am only interested to open positions towards the liquidity grabs.
I will long only under these circumstances:
1. around $36000 after we take the liquidity lying in there
2. above $40500 which is the current resistance, after we reclaim it
My targets will be:
Depending on my entry price, I will use the Fibonacci tool to identify my TPs. so follow me on tradingview to get notify whenever I post something new regarding my positions.
Don't forget to hit the like button if you find my analysis useful,
and if you have any other ideas please share them in the comment section so me and everyone else can use them ;)
Note
This is where I called the top:
Note
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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.
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.