Bitcoin Urgent Update!!
Market analysis (Bitcoin)
The latest trade using the Pump Tracker strategy resulted in a loss of -1.5% of the total balance. Trading without losses is impossible, but after closing our trade, the price dropped by 9%, which is pleasing. The risk management system is designed to avoid large losses and earn significant profits over the long term.
From the graph, it can be seen that the price failed to break through the strong support zone of the Greenwich system. After the last test, the price dropped by 22%. (According to TradingView rules, I can't show my indicators for free, because the platform blocks my ideas, so I've drawn the zones with lines.)
Currently, the price is moving towards the marked massive liquidity zone on the graph and the very important $18,660 level, where the 0.618 Fibonacci level is also located. Additionally, it is worth noting that the RSI has also dropped below the 30 mark, indicating an oversold market. In the medium term, it is a good opportunity to start buying Bitcoin (for example, 15% - 20% of your capital).
In the medium term, I expect the formation of a local bottom and a market reversal. After that, the price is likely to continue its upward trend to the 28k-32k targets.
However, the chance of the price dropping to the kill zone is also present, so I do not recommend buying a very large portion of your capital. Leave some stablecoins for this scenario.
Personally, we are mostly in USDT for most strategies and waiting for new signals. If you want to try our indicators for trading, you can try a free 2-week trial.
The latest trade using the Pump Tracker strategy resulted in a loss of -1.5% of the total balance. Trading without losses is impossible, but after closing our trade, the price dropped by 9%, which is pleasing. The risk management system is designed to avoid large losses and earn significant profits over the long term.
From the graph, it can be seen that the price failed to break through the strong support zone of the Greenwich system. After the last test, the price dropped by 22%. (According to TradingView rules, I can't show my indicators for free, because the platform blocks my ideas, so I've drawn the zones with lines.)
Currently, the price is moving towards the marked massive liquidity zone on the graph and the very important $18,660 level, where the 0.618 Fibonacci level is also located. Additionally, it is worth noting that the RSI has also dropped below the 30 mark, indicating an oversold market. In the medium term, it is a good opportunity to start buying Bitcoin (for example, 15% - 20% of your capital).
In the medium term, I expect the formation of a local bottom and a market reversal. After that, the price is likely to continue its upward trend to the 28k-32k targets.
However, the chance of the price dropping to the kill zone is also present, so I do not recommend buying a very large portion of your capital. Leave some stablecoins for this scenario.
Personally, we are mostly in USDT for most strategies and waiting for new signals. If you want to try our indicators for trading, you can try a free 2-week trial.
✅ Get my ready-to-use Buy/Sell Crypto Systems & Alerts 👉 [ bit.ly/bs-alerts ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
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.