Bitcoin / TetherLong
BTC path ready for 50K
Updated
BTC just broke the previous 50% levels and formed new higher high. This could indicate that BTC path to 50k is imminent.
To reach 50k, BTC must break the 47300 level.
I would DCA from this point onwards.
/please DYOR/trade at your own risk
To reach 50k, BTC must break the 47300 level.
I would DCA from this point onwards.
/please DYOR/trade at your own risk
Note
BTC was unable to break the 45100 level and instead retested the 40700 level support. It may take another 3 cycles to reach the 45100 level and probably break this level.Note
I bought BTC at 45100 level. To conserve potential profit, I would buy ETH using ETH/BTC pair. Since BTC/USDT and ETH/USDT are highly correlated, I can still earn from selling ETH once BTC or ETH bounced back from the 45100 support level. I bought more BTC at the current 40700 level.
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.