Update For BTC/USDT Analysis 📈📉
WHAT'S UP GUYS !?
In this analysis I'm gonna talk about BITCOIN in a different point of view , So Let's begin!
As you can see on this linear chart ,bitcoin after its last long rally , has been trading in wide range zone that printed long candlesticks , which I called this area a war zone , somewhere since past year we've seen some deep volume profile(VP) ,actually there was and is extreme war between bears and bulls so , maybe it should be like in a consolidation phase for a while to recover itself and by spring retraction, integrate its power to start a new rally probably.
but why as always I'm bullish on bitcoin and crypto especially in the long term , because by corruption of governments, and the problem accrued by central authority and power in the world , I'm certain people lose their trust in fiat money more and more , and prefer to refuge in secure assets like bitcoin as safe shelter . so it not weird for me ,that total will reach the marketcap of GOLD by huge growth of crypto market in next few year .
although from now on , we can plan for long-term investment in bitcoin or good crypto projects by identifying good entry points, but
in this instance bitcoin will fluctuate between supply and demands area or volume gap zone , we should be able to use this opportunity by focusing more on swing in day trading or scalp more .
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
In this analysis I'm gonna talk about BITCOIN in a different point of view , So Let's begin!
As you can see on this linear chart ,bitcoin after its last long rally , has been trading in wide range zone that printed long candlesticks , which I called this area a war zone , somewhere since past year we've seen some deep volume profile(VP) ,actually there was and is extreme war between bears and bulls so , maybe it should be like in a consolidation phase for a while to recover itself and by spring retraction, integrate its power to start a new rally probably.
but why as always I'm bullish on bitcoin and crypto especially in the long term , because by corruption of governments, and the problem accrued by central authority and power in the world , I'm certain people lose their trust in fiat money more and more , and prefer to refuge in secure assets like bitcoin as safe shelter . so it not weird for me ,that total will reach the marketcap of GOLD by huge growth of crypto market in next few year .
although from now on , we can plan for long-term investment in bitcoin or good crypto projects by identifying good entry points, but
in this instance bitcoin will fluctuate between supply and demands area or volume gap zone , we should be able to use this opportunity by focusing more on swing in day trading or scalp more .
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Related publications
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.