BTC IDEA
Updated
The drop in Bitcoin starting at $ 19891 levels continues to fall, though investors are wondering if they will rise. Like everyone else, I am very angry and sorry about this situation. But it is also possible to obtain good earnings by not ignoring the decline of the bitcoin, which continues to the life cycle. Anyway, that's not the point. Let's go back to bitcoin.
Historical similarities are possible in the crypto stock market as it is in every stock market. If you look at the DGDBTC chart, you can see how similarities have been in the past and how much traders have gained from discovering these similarities.
The historical similarity that I want to explain in the graph can actually give us clues as to how bitcoin can move in the coming period. I say it is viable because nothing is certain. Having a lot of bitcoins in its possession, whales can use various algorithms to make the system perform itself. There is a Death Cross also!
Four of the 5 steps in the method of similarity I have used have already achieved themselves. The level that can be achieved if step 5 is self-actualizing is about $ 4,500-5,000 depending on fibonacci levels. If there is a downward fracture from the bear flag section I expect, there will be a fall in accordance with the elliot wave theory. In this case, the second and fourth waves can be earned by following the waves.
The action that I will make and I can suggest is to wait for a while in the tether position and watch how the bitcoin moves in this critical point.
Do not forget to do research while investing. Patience and logic are the key to this.
Continue to learn.
Take care of yourself.
cryptocosmo.
Historical similarities are possible in the crypto stock market as it is in every stock market. If you look at the DGDBTC chart, you can see how similarities have been in the past and how much traders have gained from discovering these similarities.
The historical similarity that I want to explain in the graph can actually give us clues as to how bitcoin can move in the coming period. I say it is viable because nothing is certain. Having a lot of bitcoins in its possession, whales can use various algorithms to make the system perform itself. There is a Death Cross also!
Four of the 5 steps in the method of similarity I have used have already achieved themselves. The level that can be achieved if step 5 is self-actualizing is about $ 4,500-5,000 depending on fibonacci levels. If there is a downward fracture from the bear flag section I expect, there will be a fall in accordance with the elliot wave theory. In this case, the second and fourth waves can be earned by following the waves.
The action that I will make and I can suggest is to wait for a while in the tether position and watch how the bitcoin moves in this critical point.
Do not forget to do research while investing. Patience and logic are the key to this.
Continue to learn.
Take care of yourself.
cryptocosmo.
Note
Watch closely if it goes 7300-7400$ and be careful.Trade closed: stop reached
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.