BIT
BIT - a coin with x10 potential 🤯We recently covered the BIT coin on our platforms. A coin that the ByBit exchange uses to participate in its launchpad and types of services.
In a nutshell, it's a counterpart to Binance Coin.
A very promising coin, we have high expectations for it.
Looking from the technical analysis side, the price is now near a support level.
The first time the price tested this level as support, there was a good buying opportunity and there was a 25% increase.
Now the price is testing this level again and it is impossible to say with high probability that this level will hold.
If the big players got enough liquidity, the price could reach the target marked above.
If the support fails to hold, the next area where the price can come to is the area marked below.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Long btc Sr flip on the fib line with negative funding could be nice Swing as the dollar cools down a bit relief bounce for the king , my only caution is that if you see we have fallen out this broadening rising wedge it could send us to 58k if buyers don’t step in ‘ but risk a long with tight stops and we can see
BIT moar? Nailed the pivot! For this variant to stay at the top of the list, watching for these possibilities to play out.
BIT (BYBIT) (Y21.P6.E1).Don't miss outHi All,
I'm continuing on with this story of Bybit's release coin, BIT or BITDAO.
If Bybit becomes a big exchange and it seems the case, especially with the leverage market, it will grow.
Hence like the FTT or FTX or BNB history. I'm just demonstrating the opportunity.
Here I chose FTTs early start and what it did in the first cycle of the Elliot wave, and this will do something similar Don't say I didn't post this a few times.
Here is a fractal
All the best,
S.SAri
BIT Elliott Wave chart by CryptoKneeQuickie: Some nice confluence in this boxed area, , Elliott wave, fibs and a previous resistance. Watching for this area to flip into support.
⭕BITUSDT : It did well and next..
Click the pic to read last post and detail.
It broke out the wedge and retest the downtrend yesterday .
Now it broke out the previous high 2.873, it also TP1.
We can modify SL to 2.805
✅TP1:2.873
TP2:3.036
TP3:3.102
TP4:3.243
TP5:3.472
Remember to take some profit and give it more time .
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BITUSDT - Good entry position!BYBIT:BITUSDT
1H trend chart
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After an amazing surge, Bit is converging as a descending triangle right now.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 2.495----Fib(1)
b) 2.683~2.759---Fib(1.272~1.382)
c) 3.186-----Fib(2)
Stop losses:
a) 2.122-----(Red horizontal ray)
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