Bitcoin:Monthly chart View
Hi guys.
Hope you have had perfect trades.
In this idea i will share you some TA perspectives about
Bitcoin Longterm reactions according to historical datas.
As you can see each time the price reached the MA50 , made a
trough below it and then come back above.
Now we can se in Monthly chart that after price shaped
a Bottom under MA50 , it tries to come back above with a
Bullish Engulfing pattern.
after that we surpass MA50 with another white candle and now ,
Unfortunately we have some frauds in market.
(China Evergrande Group bankruptcy and Tesla sold
millions of BTC).
So in my opinion after a few weeks , Bitcoin start to continue
its smoothed run and go towards 36000.
its the level we will see at the end of 2023.
after that...
Lets see what will happen and dont predict far futures :)
If you like my opinion please tell me yours in comment.
Thank you all my friends
Hope you have had perfect trades.
In this idea i will share you some TA perspectives about
Bitcoin Longterm reactions according to historical datas.
As you can see each time the price reached the MA50 , made a
trough below it and then come back above.
Now we can se in Monthly chart that after price shaped
a Bottom under MA50 , it tries to come back above with a
Bullish Engulfing pattern.
after that we surpass MA50 with another white candle and now ,
Unfortunately we have some frauds in market.
(China Evergrande Group bankruptcy and Tesla sold
millions of BTC).
So in my opinion after a few weeks , Bitcoin start to continue
its smoothed run and go towards 36000.
its the level we will see at the end of 2023.
after that...
Lets see what will happen and dont predict far futures :)
If you like my opinion please tell me yours in comment.
Thank you all my friends
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