Bitcoin's Potential for Growth
Updated
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Bitcoin has recently broken through two zones, one dynamic and one static, prior to the formation of a head and shoulders pattern. The potential return to this area may act as a catalyst for an increase in the value of Bitcoin.
Looking at the chart, we can see that after the formation of the head and shoulders pattern, there was a decrease in the height of the head. However, currently, the price is situated on a significant and critical level, which could potentially indicate the start of an upward trend.
Based on this analysis, it is suggested that a position be set for both of the mentioned areas at a ratio of 40:60, meaning that 40% of funds should be allocated to the dynamic zone, while the remaining 60% should be reserved for the static zone. This approach can help manage risk while providing an opportunity to profit from potential upward trends.
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Bitcoin has recently broken through two zones, one dynamic and one static, prior to the formation of a head and shoulders pattern. The potential return to this area may act as a catalyst for an increase in the value of Bitcoin.
Looking at the chart, we can see that after the formation of the head and shoulders pattern, there was a decrease in the height of the head. However, currently, the price is situated on a significant and critical level, which could potentially indicate the start of an upward trend.
Based on this analysis, it is suggested that a position be set for both of the mentioned areas at a ratio of 40:60, meaning that 40% of funds should be allocated to the dynamic zone, while the remaining 60% should be reserved for the static zone. This approach can help manage risk while providing an opportunity to profit from potential upward trends.
________________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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bit.ly/HYCM-M
__________
Join the platform I trade on and get up to a $500 welcome reward!
bitmart.com/invite/cjmwja/en
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My telegram channel:
t.me/melikatrader94
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