BITCOIN Update Mar 2021
Bitcoin broke $1000 on 010217 and hit a high of $19,666 by 011217.
It took a breather for 18 months and then broke out on the month of June 2019 at $9528.
After holding the base support at $4000, a buy signal was issued on the daily charts on 111020 at $11,353 targeting its ATH of $19,666 (011217).
It broke through target on 161220 and established a high of $58,354 on 210221.
In the short term, the daily buy signal issued on 111020 at $11,353 has now ended with a break of the daily supertrend line at $46,776 (profit of $35,423 or 312% for a system based swing trader) A short signal has also been issued on the 4hr charts at $53,402 targeting $42,372.
Long term trend is UP since 010619
Medium term trend is UP since 270720
Short term trend is down since 220221
PIVOT 42372
Long positions above 42372 to target 49804 58550
Short positions below 42372 to target 34017 26775
It took a breather for 18 months and then broke out on the month of June 2019 at $9528.
After holding the base support at $4000, a buy signal was issued on the daily charts on 111020 at $11,353 targeting its ATH of $19,666 (011217).
It broke through target on 161220 and established a high of $58,354 on 210221.
In the short term, the daily buy signal issued on 111020 at $11,353 has now ended with a break of the daily supertrend line at $46,776 (profit of $35,423 or 312% for a system based swing trader) A short signal has also been issued on the 4hr charts at $53,402 targeting $42,372.
Long term trend is UP since 010619
Medium term trend is UP since 270720
Short term trend is down since 220221
PIVOT 42372
Long positions above 42372 to target 49804 58550
Short positions below 42372 to target 34017 26775
Quant Strategic Singapore
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.