✌ Hello all crypto traders
✅Today we take a look at the bitcoin chart and try to determine its future movement.
Right now there is a downward movement forming on the chart with lower lows and lower highs. This is a bad signal, based on that and other fundamental metrics, bitcoin might correct towards the support around $53,000. But if bitcoin is able to move above the $63,000 to $64,000 level in the near future, while also forming higher highs and lows, that would be a very good signal to continue rising from the current levels to the $70,000 or higher levels.
Globally, we believe bitcoin is still in a bullish phase and could reach $120,000-$160,000. A potential maximum of $200,000 is also possible.
❗Probably many people know that we develop trading systems and indicators for trading. We have five strategies, we have bought bitcoins at $44k, at $48k, at $55k and at $60k. All 5 strategies at the moment say that there will be a long. We only buy and sell based on indicator signals, regardless of what the market situation is, what technical analysis says, or what we think. Today is the close of the weekly and monthly candlesticks, so at the close of these candlesticks there may be signals for exiting their positions. Sometimes we publish buy or sell signals on our platforms. All the links are below.
And of course don't forget to subscribe to our tradingview and other platforms, leave the name of the coin you want us to analyse in the comments. 💚
✅Today we take a look at the bitcoin chart and try to determine its future movement.
Right now there is a downward movement forming on the chart with lower lows and lower highs. This is a bad signal, based on that and other fundamental metrics, bitcoin might correct towards the support around $53,000. But if bitcoin is able to move above the $63,000 to $64,000 level in the near future, while also forming higher highs and lows, that would be a very good signal to continue rising from the current levels to the $70,000 or higher levels.
Globally, we believe bitcoin is still in a bullish phase and could reach $120,000-$160,000. A potential maximum of $200,000 is also possible.
❗Probably many people know that we develop trading systems and indicators for trading. We have five strategies, we have bought bitcoins at $44k, at $48k, at $55k and at $60k. All 5 strategies at the moment say that there will be a long. We only buy and sell based on indicator signals, regardless of what the market situation is, what technical analysis says, or what we think. Today is the close of the weekly and monthly candlesticks, so at the close of these candlesticks there may be signals for exiting their positions. Sometimes we publish buy or sell signals on our platforms. All the links are below.
And of course don't forget to subscribe to our tradingview and other platforms, leave the name of the coin you want us to analyse in the comments. 💚
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