AlanSantana

Mixed Bitcoin Signals/Feelings | Are We Ready To Jump?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After looking at the bigger picture, Bitcoin's long-term weekly chart, we go back to the lower timeframe to get a better idea as to what will happen short-term... Is the low in?

We have really good support above $40K.
That is the $40,000 - $42,000 price range. The longer this level holds, the higher the chances we end up bullish with a higher low.

If this support level breaks, we are still looking great around $39 and $37K.

We are reaching the culmination point.
In 2 weeks the month is ending...

We are set to move higher even if we get a final drop.

Forget about the current price action, if prices go down by $10,000 or if they go up... It doesn't matter as long as we accumulate, we buy/rebuy and hold long.

February is a great month for a bottom...

Worst case scenario, we get 2-3 additional weeks of correction and then massive bullish growth.

A very positive outcome, we move from the current price level straight up.

Namaste.

✅ Free Cryptocurrency Charts & Trades 👉 https://t.me/ascryptocurrency

📲 GET PAID! 5 PREMIUM Telegram Channels 👉 https://t.me/asgetpaid

💯 NFTs (Coming Soon!) 👉 https://opensea.io/AsCryptocurrency
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.