BITCOIN USDTTime frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade plan execute, post entry there is either SL or Target but what nobody teaches us in any course or book that it what is outside the chart that is required is PATIENCE, EXECUTION, PSYCHOLOGY, PRACTICE.
WAIT & HUNT
Bitcointrend
Bitcoin BTC on the way to $1 millionThis chart shows the historical price of BTC relative to the 'Bitcoin halving' which happens every 4 years. The halving event creates a supply shock as the issuance of Bitcoin to minders is cut in half. The next halving is scheduled around April, 2024 where BTC issuance will be cut from 6.25 BTC every 10 minutes to 3.125 BTC. Reference the law of supply and demand. When will Bitcoin hit $1 million?
BITCOIN is Ready for Another Fall below 29700BITCOIN (BTC) is indicating another 7-10% fall towards 29700-28800 from around 31870-32170 Range.
Possibility will get negated if BTC closes a complete 5 minutes candle above 32170.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
BITCOIN in USD pair forming an Asymmetrical Triangle Pattern (Breakdown expected) Bitcoin is at a crucial stage. There is high selling pressure at 49K, even if it broke above there are even more sellers at 51K. So, BTC needs to fight hard and we are surely here in this range for some more time. Give a LIKE if you agree