Bitcoin - Pullback Strategy in Long-Term Investing

6 Nov 2024

• Two long-term patterns can be seen in the chart
  
• The first pattern, which is relatively short-term, is the flag pattern (correction with green lines).
  
• We calculated the trade of this investment based on pattern trading
  
• And the larger pattern that may take a few years is highlighted in purple
  

What are these signals based on?

1. The trend line is clearly visible in the RSI
   
2. The price shows the failure of all Resistances (All-Time-High ATH )
   
3. There are only Support zones on the chart and trading psychology
   
4. Classical Technical Analysis
   
5. Price Action
   
6. Candlesticks
   
7. Fibonacci
   
8. RSI
   
9. Moving Average
   

We hope it is useful

BTCUSDT Bitcoin BTCUSDT (Weekly)
Pullback Strategy in Long-Term Investing
⬆️Buy now or Buy on 67200.0
⭕️SL @ 57000.0
🔵TP1 @ 97000.0
🔵TP2 @ 130000.0

Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.

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6 Nov 2024

Nota

The chart scale is logarithmic

6 Nov 2024

Nota

Our previous investment (similar to this chart) required more than two months of patience