BTC 12h Targets for growth and correction
Updated
Today the price of BTCUSDT is at a critical point, where it will be decided the future movement of Bitcoin price for the coming weeks.
To understand the logic of our thoughts in the analysis, we recommend seeing our previous idea of the BTCUSD pair
https://www.tradingview.com/chart/BTCUSDT/HMLOPMpa-BTC-12h-Correction-is-not-over-yet-more-in-the-idea-description/
It also where are links to the whole series of our ideas "Bitcoin weekend", the performance of which makes us happy and profitable, we hope all of you)
We need correction of BTC price movement for exact understanding of "where to go next". The correction to the area of $45000-46000 will be enough for growth continuation with the first targets around $60000-63000.
If the correction will be deeper, to $42000 and lower, it will mean that buyers decided to have a rest, and as a consequence — the fall can continue according to one of the red scenarios.
Also, you should notice that very few alts are rising after Bitcoin. In particular, last night and night the value of BTCUSDT was growing, but the value of most of the alts in pairs with USDT was standing still or even fell a little bit. All because alts in pairs to BTC were pouring quite strongly, and the dominance of BTC in the cryptocurrency market is growing.
However, if we assume that the dominance BTC behavior fractal will repeat on history, then in the near future, after the correction, there will be a chance to continue the rise in the price of altcoins, we just need to wait for the entry point.
In your opinion, which altcoin has the greatest prospects for growth in the next 1-2 months?
Write a trading pair in the comments + a short argument why it should grow, and tradingview users will support your comment with "+"
We, in turn, promise to analyze and write an idea for the trading pair that will gather the most "+" and arguments.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
To understand the logic of our thoughts in the analysis, we recommend seeing our previous idea of the BTCUSD pair
https://www.tradingview.com/chart/BTCUSDT/HMLOPMpa-BTC-12h-Correction-is-not-over-yet-more-in-the-idea-description/
It also where are links to the whole series of our ideas "Bitcoin weekend", the performance of which makes us happy and profitable, we hope all of you)
We need correction of BTC price movement for exact understanding of "where to go next". The correction to the area of $45000-46000 will be enough for growth continuation with the first targets around $60000-63000.
If the correction will be deeper, to $42000 and lower, it will mean that buyers decided to have a rest, and as a consequence — the fall can continue according to one of the red scenarios.
Also, you should notice that very few alts are rising after Bitcoin. In particular, last night and night the value of BTCUSDT was growing, but the value of most of the alts in pairs with USDT was standing still or even fell a little bit. All because alts in pairs to BTC were pouring quite strongly, and the dominance of BTC in the cryptocurrency market is growing.
However, if we assume that the dominance BTC behavior fractal will repeat on history, then in the near future, after the correction, there will be a chance to continue the rise in the price of altcoins, we just need to wait for the entry point.
In your opinion, which altcoin has the greatest prospects for growth in the next 1-2 months?
Write a trading pair in the comments + a short argument why it should grow, and tradingview users will support your comment with "+"
We, in turn, promise to analyze and write an idea for the trading pair that will gather the most "+" and arguments.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Trade closed: target reached
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.