Hi friends! After a huge liquidation of $2B in the cryptocurrency market, Bitcoin is showing signs of strength, which is positive for opening long trades. Read about 5 confirmations of Bitcoin's strength.
The positive signs:
🔶Bull trap - liquidation of long traders for $500M. Usually, this is additional confirmation that a big player is accumulating positions and trying to collect all the liquidity in the market.
🔶Higher lows (HL) - buyers ready to buy higher and higher.
🔶Squeezing and breakout of the trend line - after the liquidation of the long traders, the price did not continue to fall, but returned to the trend line.
🔶Two-week accumulation in the $27,000 to $31,000 range.
🔶Growth of Bitcoin Dominance (BTC.D). Money from altcoins is flowing into Bitcoin.
✅The targets:
1️⃣ $32,000
2️⃣ $33,100
3️⃣ $35,900
Also, check out the video about Bitcoin targets that I recorded for you! The price return to the trendline and brekout it again.
✅Friends, what is your plan? Share it in the comments. Let's look at the Bitcoin chart from different points of view!
💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The positive signs:
🔶Bull trap - liquidation of long traders for $500M. Usually, this is additional confirmation that a big player is accumulating positions and trying to collect all the liquidity in the market.
🔶Higher lows (HL) - buyers ready to buy higher and higher.
🔶Squeezing and breakout of the trend line - after the liquidation of the long traders, the price did not continue to fall, but returned to the trend line.
🔶Two-week accumulation in the $27,000 to $31,000 range.
🔶Growth of Bitcoin Dominance (BTC.D). Money from altcoins is flowing into Bitcoin.
✅The targets:
1️⃣ $32,000
2️⃣ $33,100
3️⃣ $35,900
Also, check out the video about Bitcoin targets that I recorded for you! The price return to the trendline and brekout it again.
✅Friends, what is your plan? Share it in the comments. Let's look at the Bitcoin chart from different points of view!
💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Nota
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Penerbitan berkaitan
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.
Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
Penerbitan berkaitan
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.