Bitcoin (BTC) Long-term Analysis
Hi
I hope you all are in a constant profit.
Bitcoin on 1D time-frame is in a range between ($57500~$58500) and $63700.
According to the BEXP indicator in the 1D time-frame, Bitcoin is about to explode very soon on this scale.
So we can judge the breakouts with this range so:
If a Daily candle closes above $64000, $66000 would likely be tested (and maybe a new ATH).
If a Daily candle closes below $60000 and Daily EMA21, Bitcoin would likely test the lower range between ($57500~$58500).
If there is a new ATH, we can draw our Fibonacci extensions to approximate the probable targets. Also, if a Weekly candle closes above $62000, it would be very likely Bitcoin will have a new ATH.
Note that all of these are just possibilities, and a trader does not care about the direction of volatility. A trader trades the volatility.
Thanks for your time.
Regards, Hashem.
I hope you all are in a constant profit.
Bitcoin on 1D time-frame is in a range between ($57500~$58500) and $63700.
According to the BEXP indicator in the 1D time-frame, Bitcoin is about to explode very soon on this scale.
So we can judge the breakouts with this range so:
If a Daily candle closes above $64000, $66000 would likely be tested (and maybe a new ATH).
If a Daily candle closes below $60000 and Daily EMA21, Bitcoin would likely test the lower range between ($57500~$58500).
If there is a new ATH, we can draw our Fibonacci extensions to approximate the probable targets. Also, if a Weekly candle closes above $62000, it would be very likely Bitcoin will have a new ATH.
Note that all of these are just possibilities, and a trader does not care about the direction of volatility. A trader trades the volatility.
Thanks for your time.
Regards, Hashem.
Without Risk and Position Management, You WILL Lose Money.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.