Bitcoin - Update - Signs for upward growth? BTC/USDT
Hello friends. I haven't published any reviews for a long time, I was resting. It's nice to see how many people in our channel communicate and help each other.
Now about the analysis.
The previous analysis with a decrease, did not work out as it should. This spaceship Twitterman needs to be put behind bars.
So we could earn more.
I don't like manipulations, but they are just beginning.
Analyzing the chart and making an analysis on bitcoin, I can assume that the price will continue to grow if it leaves the channel and breaks through the countertrend on the resistance at 55555.
Moreover, looking at the daily targets as well as the step-by-step drop-suggests that psychologically they are preparing everyone for a strong price decline. (where many will sell)
But the daily candle-the above moment closed very well, for the continuation of the trend.
In the same way, such a structure as momentum, growth projection, and continued growth is formed
the price is in an expanding, descending bullish wedge
the price is in a descending bullish channel
and has price liquidity.
I would prefer to work in a long position now, because wave 5, which I wrote about in the previous trading analysis, coincides with the growth of the height of the bullish flag.
Trade wisely, do not overestimate the % risk management.
Global sales zones, as well as global purchase zones - red and green rectangles.
If the price of bitcoin starts to flat in this range, the growth of altcoins will continue to gain momentum.
The strange thing is that a lot of "smalcoin shit" shoots-but the top coins from the marketcap list seem to be tied to bitcoin.
This moment is a bit overwhelming for me
Otherwise, if the price remains below the 52000 level in one of the trading sessions, the correction will continue to such levels as 48000 - 46000 - 42000 - where a large amount of liquidity is collected, as well as this moment will be the 3rd sign that the instrument is entering the correction phase
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
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