BTC - three reasons why bitcoin will rise 🚀
Updated
Many are excited about the fall of bitcoin. There is huge fear in the market right now. A lot of liquidated positions. The question on everyone's mind is, "What happens next?"
Remember once and for all, no one can predict the market 100%. A lot of bloggers who say it will rise or fall 99% of the time don't even open those positions. You have to have real trading strategies to trade. With clear indicators of win rate, profit factor etc.
Now let's analyze the situation on bitcoin chart from one of our strategies.
I highlighted two last trades (+29.2% and -3.8%). Exit by the strategy is at $56,200. The strategy was able to predict this fall. And in the moment bitcoin was down to $42,000. Now the slides have started to converge, which is a positive signal. We expect a crossover and will enter the position.
If we analyze from the technical analysis side, the price came to the liquidity candlestick and collected all the liquidity to the level of 42K.
The market indicators have come back to normal:
- Funding is negative
- the number of marginal positions has decreased
- huge liquidations at the amount of 2.5bn
- correction from the highs is already at 40%
From the technical and fundamental analysis side the bottom is now very likely and after a small pullback, the growth will continue.
But we remind you that we are still waiting for the strategies' signals and we will only enter based on their signals. We also recommend you to create your own trading systems, or we can help you with that.
💚Like us, subscribe and write down what you personally expect from the market now. Links below
Remember once and for all, no one can predict the market 100%. A lot of bloggers who say it will rise or fall 99% of the time don't even open those positions. You have to have real trading strategies to trade. With clear indicators of win rate, profit factor etc.
Now let's analyze the situation on bitcoin chart from one of our strategies.
I highlighted two last trades (+29.2% and -3.8%). Exit by the strategy is at $56,200. The strategy was able to predict this fall. And in the moment bitcoin was down to $42,000. Now the slides have started to converge, which is a positive signal. We expect a crossover and will enter the position.
If we analyze from the technical analysis side, the price came to the liquidity candlestick and collected all the liquidity to the level of 42K.
The market indicators have come back to normal:
- Funding is negative
- the number of marginal positions has decreased
- huge liquidations at the amount of 2.5bn
- correction from the highs is already at 40%
From the technical and fundamental analysis side the bottom is now very likely and after a small pullback, the growth will continue.
But we remind you that we are still waiting for the strategies' signals and we will only enter based on their signals. We also recommend you to create your own trading systems, or we can help you with that.
💚Like us, subscribe and write down what you personally expect from the market now. Links below
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