An opportunity to swing trade?
Technical Analysis:
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Prediction Summary:
Any price over 91K is what I personally consider a safe buying zone and anything below 100K a safe profit this week.
Bitcoin might stay between 91K and 100K in the coming days or weeks.
Long term remains bullish.
The white Fibonacci Retracement shows the most likely price support ( colored lines) with the thickness being in relation to a descending order of probability.
In the unlikely event of a drop below 91K, I do not plan to cut my losses and sell.I hodl.
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Fundamental Analysis:
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>The dip was likely caused by quantum tech FUD [1]
>El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry [2]
>MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion USD [3]
>$3.85B USD flowed into crypto investment products [4]
Tools used:
Fibonacci Retracement
Projected Forecast
Ghost Feed
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/academy/article/crypto-market-crash-triggers-dollar15-billion-in-liquidations-as-bitcoin-drops-below-dollar95000
[2] coindesk.com/policy/2024/12/10/el-salvador-and-argentina-regulators-sign-agreement-to-help-develop-crypto-industry
[3]coinmarketcap.com/headlines/news/microstrategy-purchases-21550-bitcoin-for-dollar21-billion-expanding-holdings-to-423650-bitcoin/
[4]coinmarketcap.com/academy/article/crypto-investment-products-see-record-dollar385-billion-weekly-inflows-led-by-bitcoin-ethereum-and-xrp
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Thanks for reading!
Technical Analysis:
----------------------------------------------
Prediction Summary:
Any price over 91K is what I personally consider a safe buying zone and anything below 100K a safe profit this week.
Bitcoin might stay between 91K and 100K in the coming days or weeks.
Long term remains bullish.
The white Fibonacci Retracement shows the most likely price support ( colored lines) with the thickness being in relation to a descending order of probability.
In the unlikely event of a drop below 91K, I do not plan to cut my losses and sell.I hodl.
----------------------------------------------
Fundamental Analysis:
----------------------------------------------
>The dip was likely caused by quantum tech FUD [1]
>El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry [2]
>MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion USD [3]
>$3.85B USD flowed into crypto investment products [4]
Tools used:
Fibonacci Retracement
Projected Forecast
Ghost Feed
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/academy/article/crypto-market-crash-triggers-dollar15-billion-in-liquidations-as-bitcoin-drops-below-dollar95000
[2] coindesk.com/policy/2024/12/10/el-salvador-and-argentina-regulators-sign-agreement-to-help-develop-crypto-industry
[3]coinmarketcap.com/headlines/news/microstrategy-purchases-21550-bitcoin-for-dollar21-billion-expanding-holdings-to-423650-bitcoin/
[4]coinmarketcap.com/academy/article/crypto-investment-products-see-record-dollar385-billion-weekly-inflows-led-by-bitcoin-ethereum-and-xrp
----------------------------------------------
Thanks for reading!
Dagangan aktif
The bull run might not be over just yet. We may see a top of 120K. Shorting is a no go right now.Nota
I have put in a buy order @ 94.5K. But we might see 96K as the bottom of the coming dip. Dagangan ditutup: sasaran tercapai
When this idea was posted, the price was 96K. Bitcoin has rosen a little over 11% in 5 days time since then. More than enough trading profit for a weeks worth of 'work' if you ask me.But just in case Bitcoin decides to go higher (as it has many times in the past) I will continue hodling.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.