BitcoinLong
BTC Long or Short?
Updated
Today's #CryptoWhale100Billion analysis indicates that BTC has broken a lower to target point of $19,750 resistance and has risen to $20,300. Many traders have taken profit, and the crypto market has reacted accordingly. Notable patterns such as the double top and backward W breaking lower low have been observed.
Based on my analysis, BTC resistant area is around $20,000. Furthermore, if BTC manages to hold above the next resistance near $19,500, it could rise back up to $23,500. I am bullish on BTC reaching this level.
The BTC market operates 24/7, which means traders must be vigilant in their analysis and trend-following. Hours of work are required to analyze market movements and trends, and it can be difficult to trust a single idea. However, by backtesting trading strategies and continually monitoring data, it is possible to understand market movements better and identify entry and exit points.
BTC's volatility provides insights into potential bullish or bearish movements, and keeping track of this data can help develop effective trading strategies.
Below are some past predictions from my analysis!
Please feel free to share your technical analysis and trading strategies with me by sending a message. Don't forget to press the thumbs up if you found this analysis helpful, and share your thoughts on where BTC is headed. Thank you for your support!
Based on my analysis, BTC resistant area is around $20,000. Furthermore, if BTC manages to hold above the next resistance near $19,500, it could rise back up to $23,500. I am bullish on BTC reaching this level.
The BTC market operates 24/7, which means traders must be vigilant in their analysis and trend-following. Hours of work are required to analyze market movements and trends, and it can be difficult to trust a single idea. However, by backtesting trading strategies and continually monitoring data, it is possible to understand market movements better and identify entry and exit points.
BTC's volatility provides insights into potential bullish or bearish movements, and keeping track of this data can help develop effective trading strategies.
Below are some past predictions from my analysis!
Please feel free to share your technical analysis and trading strategies with me by sending a message. Don't forget to press the thumbs up if you found this analysis helpful, and share your thoughts on where BTC is headed. Thank you for your support!
Note
Alright, Btc did what it did! Follow for more Analysis.
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