Bitcoin - BULL flag to 106k! (break UP)
According to on-chain data, approximately 8.7 million BTC have been accumulated over the past 222 days.
ETFs have also been buying and selling, but the total volume of sales is very small compared to the amount purchased.
Moreover, investor sentiment is currently extremely low, with no new participants in the market.
--> This has nearly confirmed a local sentiment bottom. You should seize this opportunity and consider long-term investment.
If the analysis doesn't go as predicted, I will update the percentage for stop-loss adjustments so that you can buy more at better prices immediately. Of course, I never plan to sell all of my BTC holdings. Hopefully, we will reach the target price of 106K this year.
I advise you to break up your orders.
For example, if you plan to buy $100,000 worth of BTC, divide it into three parts: one part at the current price, one part when the price breaks out of the green box with high volume, and one part when the price drops to the 50K-53K range. Best of luck to us in hitting our target price in the next two months.
ETFs have also been buying and selling, but the total volume of sales is very small compared to the amount purchased.
Moreover, investor sentiment is currently extremely low, with no new participants in the market.
--> This has nearly confirmed a local sentiment bottom. You should seize this opportunity and consider long-term investment.
If the analysis doesn't go as predicted, I will update the percentage for stop-loss adjustments so that you can buy more at better prices immediately. Of course, I never plan to sell all of my BTC holdings. Hopefully, we will reach the target price of 106K this year.
I advise you to break up your orders.
For example, if you plan to buy $100,000 worth of BTC, divide it into three parts: one part at the current price, one part when the price breaks out of the green box with high volume, and one part when the price drops to the 50K-53K range. Best of luck to us in hitting our target price in the next two months.
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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.