If Bitcoin breaks the ascending triangle the next target for Bitcoin is 53,000. Currently, there are many good news and also the stock market is rising so bitcon has a good chance to rise.
Bitcoin broke Bollinger upper band, stocks are up plus many positive news. There is a good chance that crypto and Bitcoin will follow the stocks.
Don't be greedy and YOLO because there is no guarantee that the price will go straight up.
PEOPLEUSDT is up 50% while on ConstitutionDAO official twitter there is the following message:
"if we haven’t made this clear enough, the team has moved on from this project and anything you see talking about new tokens or nfts are either
- a fan project or
- a huge scam
in the case of this binance token, we’d suspect the latter"
See the tweet here:...
FTX Leveraged tokens dropped a lot. This is the reason why a pullback can generate 10x or even more when using Leverage tokens.
This is a great risk-reward but also there might be another leg lower so a good strategy is to enter 50% and add more when the price starts to move up.
You can read more about leveraged tokens here
Looks that BCHBTC will follow the same pattern: pump, followed by double top and big dump.
You can sell 20% at the top, add another 20% when double top is formed and the rest of 60% of the position after support is broken.
Good luck.
Bitcoin had broke short term uptrend so most probable will go down till 5,000.
Here are the reasons why I think bitcoin will go up after hitting 5,000 level:
1. 5,000 will be a strong support because many people plan to buy at this level.
2. We will have more news about ICE storage solution
3. Usually winter and autumn bitcoin price rise
4. Better risk...
