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Bitcoindirection

Bitcoin Broke New High – The Real Reasons Behind ItThe relationship between inflation and Bitcoin - they moves in tandem together, in the same direction. We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend. Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for this rally is the resilience of US inflation, meaning the inflation is still pretty stubborn, not coming down to the 2% target. Micro Bitcoin Futures & Options Ticker: MBT Minimum fluctuation: $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!Education
by konhow
3
Bitcoin Trend Directions - Aug. 25th, 2021Bitcoin neared the highs of my previous zoning so I decided to take another look at possible entries for both longs and shorts. The picture should be fairly self-explanatory; the white zone is where we currently rest and we wouldn't enter here because we want to try to catch momentum, the red zone is where we can start to place sell orders, and the green zone is where we can look for placing buy orders. The blue zone is something new I added, because I'm personally looking for longs on bitcoin at the moment, I wanted to extend the zoning into other potential target areas to add to profits. I use multi-timeframe analysis so my high timeframe bullish support price is actually as low as $42,300. If a trader chooses to trade on a lower timeframe then I would personally look to only follow the direction of the current zone that price rests in, this will help attempt to keep the trend on your side and can better assist with catching momentum. Analysis referenced the daily and 4h timeframes. Keep in mind that none of this is financial advice, I do not claim to be any sort of financial/trading advisor, expert, mentor, etc. I only post my personal analysis for entertainment purposes. My previous bitcoin zoning can be seen here: and the results can be seen here (with slight adjustments to the zones for better entries on potential retests):
BITSTAMP:BTCUSDLong
by TonyAiello
2