Where can we Buy Bitcoin for the long term❗️❓
Updated
👋Hi everyone(Reading time less than 3 minutes⏰).
✅As I expected in previous posts, Bitcoin started to decline from above the Descending Channel.
🎯Today, I want to introduce you to the 🟡Price Zone🟡 that you can buy in this zone if you are looking to buy Bitcoin for the Long Term.
💡I used some indicators to find the 🟡Right Price Zone🟡 to buy Bitcoin.
🥇After we confirm the Major Pivot above the descending channel, we can count on the Fibonacci levels. One of the best Fibonacci levels is 61.8% (Golden level).
📶Before using any indicator, check if this indicator has worked well before. I used the Pivots Fibonacci Triyearly indicator in this analysis, and If you look carefully at the chart, Triyearly Pivot Point has worked well before.
🧷Another thing you should know is that Bitcoin has filled more than 90% of its Gaps so far; Bitcoin seems to fill the🔵Lower CME Gap🔵 first. (📚As trading resumes on CME on Monday, there is a gap between the closing price on Friday and the opening price on Monday, which is effectively named “CME gaps” by the crypto community. Since its launch in 2017, CME Bitcoin futures have been creating gaps on the weekends.📚)
🔔As a result, I expect Bitcoin to start rallying from the 🟡Price Reversal Zone($22,000-$19,500)🟡 and rise by 🚀140%🚀 at least a month or two after the 2024 Halving.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
✅As I expected in previous posts, Bitcoin started to decline from above the Descending Channel.
🎯Today, I want to introduce you to the 🟡Price Zone🟡 that you can buy in this zone if you are looking to buy Bitcoin for the Long Term.
💡I used some indicators to find the 🟡Right Price Zone🟡 to buy Bitcoin.
🥇After we confirm the Major Pivot above the descending channel, we can count on the Fibonacci levels. One of the best Fibonacci levels is 61.8% (Golden level).
📶Before using any indicator, check if this indicator has worked well before. I used the Pivots Fibonacci Triyearly indicator in this analysis, and If you look carefully at the chart, Triyearly Pivot Point has worked well before.
🧷Another thing you should know is that Bitcoin has filled more than 90% of its Gaps so far; Bitcoin seems to fill the🔵Lower CME Gap🔵 first. (📚As trading resumes on CME on Monday, there is a gap between the closing price on Friday and the opening price on Monday, which is effectively named “CME gaps” by the crypto community. Since its launch in 2017, CME Bitcoin futures have been creating gaps on the weekends.📚)
🔔As a result, I expect Bitcoin to start rallying from the 🟡Price Reversal Zone($22,000-$19,500)🟡 and rise by 🚀140%🚀 at least a month or two after the 2024 Halving.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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