BTC What do most people want? A rise to $90k or a fall to $35k?
Updated
Today, to your attention, a local idea for the trading pair BTCUSDT within the framework of our global idea, released almost a month ago.
As we see, now the price of BTCUSD is consolidating near the absolute maximums for all time.
There are no increased trading volumes, i.e. there is no struggle — most likely, the scenario of maximum renewal and growth trend continuation will be activated soon.
However, for a final confirmation of the buyers' power we'd like to see the BTC price go down to the area of $48-52k. But a real downfall, slow and with a squeeze, to pull the alts follow and to impose a fight with the buyers near the critical zone.
Because such spills of Bitcoin price at -$2000-3000 in a few minutes and then the same sharp rebound, but without volumes, which began to appear on the chart more and more often in recent times, for us look like a banal and manipulative beating out the stops of longists.
What do you think about this situation, please write in the comments.
So, by the end of the year, we would like to see one of two scenarios:
1) $62000 — (48000-52000) — (59000-60000) — (35000-37000)
2) $62000 — (48000-52000) — (59000-60000) — 67000 — (80000-90000)
Write in the comments, which scenario is closer to your heart. Let's talk, because the truth is born in discussion.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
As we see, now the price of BTCUSD is consolidating near the absolute maximums for all time.
There are no increased trading volumes, i.e. there is no struggle — most likely, the scenario of maximum renewal and growth trend continuation will be activated soon.
However, for a final confirmation of the buyers' power we'd like to see the BTC price go down to the area of $48-52k. But a real downfall, slow and with a squeeze, to pull the alts follow and to impose a fight with the buyers near the critical zone.
Because such spills of Bitcoin price at -$2000-3000 in a few minutes and then the same sharp rebound, but without volumes, which began to appear on the chart more and more often in recent times, for us look like a banal and manipulative beating out the stops of longists.
What do you think about this situation, please write in the comments.
So, by the end of the year, we would like to see one of two scenarios:
1) $62000 — (48000-52000) — (59000-60000) — (35000-37000)
2) $62000 — (48000-52000) — (59000-60000) — 67000 — (80000-90000)
Write in the comments, which scenario is closer to your heart. Let's talk, because the truth is born in discussion.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Trade closed: target reached
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.