BTCUSDT 1W What awaits us in the coming weeks on Bitcoin price
Updated
Today, the week started with a joyful green candlestick on the BTCUSDT trading pair.
Alts also woke up to growth, but the most important thing is not to fall into euphoria, so let's try to make a clear plan of action below.
Let's start with the fact that at the beginning of May we published an idea with a scary name that the cryptocurrency market could be apocalypse.
Unfortunately or fortunately, the first point of the scenario worked out completely.
For the last 4 weeks, we have been watching the consolidation in the $19-21k BTC price range and finally got a more or less decent shot up.
We've seen something interesting brewing on the altcoin charts. That is why, since last week, we have started to gather medium-term positions and shared them with you here, in particular:
ETHUSDT
SOLUSDT
AVAXUSDT
KCSUSDT
SANDUSDT
and many other interesting charts, everyone can find what they are interested in. And in order not to miss such opportunities and tips in the future, just subscribe to us and like the ideas.
This week, the main task for BTCUSD buyers is to prevent the price from falling below 20k.
If we see a weak correction in the zone $20000-20500, we will continue to take altcoins in longs.
For the coming weeks, we can mark three target zones for the growth of the Bitcoin price :
1) $24300 is an intermediate weak level where a local correction can begin
2) $27000-30000 - the first liquid zone, control of which will have to be won back by buyers. In this zone, it will be good to fix 30-50% of longs.
3) $30,000-35,000 is a powerful liquid zone, the theoretical bottom of the global "Head and shoulders" reversal figure. In this zone, we will "cover" the total majority of our long positions and watch from the sidelines the battle of who is stronger - buyers or sellers.
This is a rough estimate of the action plan for the coming weeks, of course, as the price moves, we will also release local ideas, adapting to the market, because we do not control it, but it controls us)
So, quality content from us, and from you like and comment under ideas and subscribe to us)
Have a productive week, everyone
_______________________________
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 :)
Alts also woke up to growth, but the most important thing is not to fall into euphoria, so let's try to make a clear plan of action below.
Let's start with the fact that at the beginning of May we published an idea with a scary name that the cryptocurrency market could be apocalypse.
Unfortunately or fortunately, the first point of the scenario worked out completely.
For the last 4 weeks, we have been watching the consolidation in the $19-21k BTC price range and finally got a more or less decent shot up.
We've seen something interesting brewing on the altcoin charts. That is why, since last week, we have started to gather medium-term positions and shared them with you here, in particular:
ETHUSDT
SOLUSDT
AVAXUSDT
KCSUSDT
SANDUSDT
and many other interesting charts, everyone can find what they are interested in. And in order not to miss such opportunities and tips in the future, just subscribe to us and like the ideas.
This week, the main task for BTCUSD buyers is to prevent the price from falling below 20k.
If we see a weak correction in the zone $20000-20500, we will continue to take altcoins in longs.
For the coming weeks, we can mark three target zones for the growth of the Bitcoin price :
1) $24300 is an intermediate weak level where a local correction can begin
2) $27000-30000 - the first liquid zone, control of which will have to be won back by buyers. In this zone, it will be good to fix 30-50% of longs.
3) $30,000-35,000 is a powerful liquid zone, the theoretical bottom of the global "Head and shoulders" reversal figure. In this zone, we will "cover" the total majority of our long positions and watch from the sidelines the battle of who is stronger - buyers or sellers.
This is a rough estimate of the action plan for the coming weeks, of course, as the price moves, we will also release local ideas, adapting to the market, because we do not control it, but it controls us)
So, quality content from us, and from you like and comment under ideas and subscribe to us)
Have a productive week, everyone
_______________________________
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 :)
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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