BE CAREFULL - READ - BITCOIN TRADING FOR BEGINNER - BTC - DAILY
Thanks for the likes and shares. I really appreciated it, hope to help you the best to have another vision of the market acting as a support idea.
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Don't forget that from the 16th of December 2020 to the 8th of January 2021 the price has double from 20 to 40 thousands of dollars. Really?!
A gap has been created and never been covered yet.
The super squeezes in green circles are showing that a big fight is happening between buyers and sellers.
The price might become even more volatile but moving in a wide range horizontally. This means a lot of opportunity.
-The top rend line is probably the best selling point. A zone between the top red line resistance and the dotted red line shows a higher probability of price going doing from that area.
- The bottom bleu line acts like a probable support which could be break to retrieve the past price level where the gape has been created. Sometimes markets like to return in the past to say "hello". See it more how far could probably go the price in the decrease direction if bigger actors needed to kick people out of the market before entering long to make super profits. Trading with them would be great, therefore, see next point...
- The gape zone, marked with a green area could be the optimal point from which a long entry position would be the most interesting and profitable. The question is to know if you are patient enough to wait that moment in which people stop to believe in an increase of the Bitcoin and quit, when you, you will enter and enjoy the probable uptrend.
Hope that gave you a bit of insight on what I am thinking about the Bitcoin at the moment. Any link with the fundamental news? Maybe, but I prefer to look only at the charts. For the moment, I would probably be waiting for best moment to buy it around the gape zone. So I believe that it will lose strength.
________________________________________________________________________________
Don't forget that from the 16th of December 2020 to the 8th of January 2021 the price has double from 20 to 40 thousands of dollars. Really?!
A gap has been created and never been covered yet.
The super squeezes in green circles are showing that a big fight is happening between buyers and sellers.
The price might become even more volatile but moving in a wide range horizontally. This means a lot of opportunity.
-The top rend line is probably the best selling point. A zone between the top red line resistance and the dotted red line shows a higher probability of price going doing from that area.
- The bottom bleu line acts like a probable support which could be break to retrieve the past price level where the gape has been created. Sometimes markets like to return in the past to say "hello". See it more how far could probably go the price in the decrease direction if bigger actors needed to kick people out of the market before entering long to make super profits. Trading with them would be great, therefore, see next point...
- The gape zone, marked with a green area could be the optimal point from which a long entry position would be the most interesting and profitable. The question is to know if you are patient enough to wait that moment in which people stop to believe in an increase of the Bitcoin and quit, when you, you will enter and enjoy the probable uptrend.
Hope that gave you a bit of insight on what I am thinking about the Bitcoin at the moment. Any link with the fundamental news? Maybe, but I prefer to look only at the charts. For the moment, I would probably be waiting for best moment to buy it around the gape zone. So I believe that it will lose strength.
