Bitcoin - Why might now be the best opportunity to buy?
Bitcoin is down 40% from its high. Many newbies and super traders, as they write about themselves, are now in complete fear and don't know what to do.
In past ideas you can see, we have consistently written that the month has closed very badly. That our strategies have shown an exit and our exit price is 60k - 58k. This is all written in past bitcoin ideas.
On the left side of the chart is one of our trading systems (indicator). The exit is $58500.
Now let's analyze the market situation, from our indicators and from fundamental and technical analysis.
If we analyze from the fundamental analysis side, it is worth highlighting that the market had $2.5 billion liquidations only yesterday. This is a huge amount, liquidating people even with x2 leverage. Additionally, fundings have decreased, fear levels are at their highs. If you analyse all these indicators, the market has recovered, all indicators are back to normal and buying now might be a very good option.
If we analyze from the technical analysis side, it is worth highlighting: the trend line, a huge volume at the bottom, the price came to the liquidity zone. In case of a breakdown of the trend line, there could be a good opportunity to continue rising. This is for those who purely trade technical analysis.
What do our indicators and trading systems show?
They are still out of the market, we are now in USDT and waiting for new signals to take new positions. Past trades have on average increased our capital by 35%.
💚Like us, subscribe and write down what you personally expect from the market now. Links below
In past ideas you can see, we have consistently written that the month has closed very badly. That our strategies have shown an exit and our exit price is 60k - 58k. This is all written in past bitcoin ideas.
On the left side of the chart is one of our trading systems (indicator). The exit is $58500.
Now let's analyze the market situation, from our indicators and from fundamental and technical analysis.
If we analyze from the fundamental analysis side, it is worth highlighting that the market had $2.5 billion liquidations only yesterday. This is a huge amount, liquidating people even with x2 leverage. Additionally, fundings have decreased, fear levels are at their highs. If you analyse all these indicators, the market has recovered, all indicators are back to normal and buying now might be a very good option.
If we analyze from the technical analysis side, it is worth highlighting: the trend line, a huge volume at the bottom, the price came to the liquidity zone. In case of a breakdown of the trend line, there could be a good opportunity to continue rising. This is for those who purely trade technical analysis.
What do our indicators and trading systems show?
They are still out of the market, we are now in USDT and waiting for new signals to take new positions. Past trades have on average increased our capital by 35%.
💚Like us, subscribe and write down what you personally expect from the market now. Links below
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