BTC BITCOIN, After all the escalation and people getting worried about this precious crypto, here for the first time I'm sharing my Simple S&R day chart of the most valued crypto BITCOIN. yo can see all the possible support area and the are of rejections, I have kept it very simple to understand for the new investors as well as the pro.
If you trade on crypto then please keep al the possible support and resistance area in your mind which will help you not to blow your account equity. For all the long term investors can clearly see what area can be tested in near term, whilst everyone's hoping BTC to reach 100k, which I personally think is possible but people also need to acknowledge that it's CRYPTO and not ASSET like gold, Crypto is only dependent on market cap. Like we have seen in the past few years that cryptos have increased massively and much rapidly than any other source of investment. also we have seen it dropping down to 80% in no matter of time.
So, my advice is to be patient and look up at the chart I shared, and calculate your risk with the simple S&R Support and Resistance.
I hope it's helpful, please like share follow if you're convinced with my idea/analysis.
CHEERS!
If you trade on crypto then please keep al the possible support and resistance area in your mind which will help you not to blow your account equity. For all the long term investors can clearly see what area can be tested in near term, whilst everyone's hoping BTC to reach 100k, which I personally think is possible but people also need to acknowledge that it's CRYPTO and not ASSET like gold, Crypto is only dependent on market cap. Like we have seen in the past few years that cryptos have increased massively and much rapidly than any other source of investment. also we have seen it dropping down to 80% in no matter of time.
So, my advice is to be patient and look up at the chart I shared, and calculate your risk with the simple S&R Support and Resistance.
I hope it's helpful, please like share follow if you're convinced with my idea/analysis.
CHEERS!