BITCOIN SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD BITCOIN SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bitcoinmoon
BTCUSD/BITCOIN 1H BUY PROJECTION 23.11.24Reason for Bitcoin Bullish
One big reason Bitcoin's price has gone up is because institutional demand continues to rise.. They're putting a lot of money into Bitcoin, which makes it more trustworthy. For example, MicroStrategy has bought a lot of Bitcoin and made a good profit as its value has increased. The way the market works also help
Bitcoin to the Moon !!!We have converted all our Bitcoin into cash !!!
It doesn't mean that bitcoin will go to zero.
As we can see in the chart that prices are over extended and multiple fear and greed index now at Extrema Greed.
Prices will correct about the support level 11.6k to 12k and then it will Moon Again.
This will be healthy correction for prices to stay bullish, to shake out the novice traders.
As we will recognize some bullish setup around the support level we will go long on bitcoin as well as we will trade it with leverage.