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Analytics BTC🪙 #Bitcoin #binance $BTC Growth? Globally: Bitcoin is in a dual situation, on one hand - the asset has started an upward movement and formed a support zone (60700), on the other hand, a strong support zone (59000) still has the potential to attract the asset. Let's find out what lies ahead. First, let's start with - the asset has started an upward movement and the current perspective is 62300. Does this mean that we are definitely expecting growth? In my view, there is still a possibility of a sharp drop to 59, for the purpose of long liquidations, after which we will see growth. 📈📈📈 Locally: asset growth Resistance: 65000,73800 Support: 59000, 56500

Analytics BTC🪙

#Bitcoin #binance $BTC

Growth?

Globally: Bitcoin is in a dual situation, on one hand - the asset has started an upward movement and formed a support zone (60700), on the other hand, a strong support zone (59000) still has the potential to attract the asset. Let's find out what lies ahead.

First, let's start with - the asset has started an upward movement and the current perspective is 62300.

Does this mean that we are definitely expecting growth?

In my view, there is still a possibility of a sharp drop to 59, for the purpose of long liquidations, after which we will see growth.

📈📈📈

Locally: asset growth

Resistance: 65000,73800

Support: 59000, 56500

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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What is an order grid? 🐾 Trading Strategies 🐾 An order grid is a series of pending orders placed on both sides of the current price at a certain interval. Strategies using order grids are also called grid strategies (from the English "grid"). The order grid has become a fairly popular trading strategy. Primarily due to its simplicity, it is easy to understand and visualize, but it is important to remember that it does not provide guarantees, just like any other trading strategies. 🐾 Trading strategy using an order grid: We wait for a strong directional price movement, regardless of which direction it will be. Such a grid, for example, can be set before the announcement of important news, when it is known that they will almost certainly affect the price, but it is not yet clear in which direction, or during sideways trading, when it is unclear in which direction a breakthrough will occur. In this case, an order grid is placed with pending buy orders above the sideways movement and symmetrical sell orders below it. The essence of this arrangement is that if the price breaks out of the sideways movement in a certain direction, it will trigger corresponding orders in the same direction (upward - for buy, downward - for sell). Even if initially the price "gets tangled" by triggering both buy and sell orders, in the future (assuming a trending movement) it will bring the overall position into profit. 🐾 Key parameters of the order grid: - The position sizes of each pair of opposite orders should be equal. - The number of orders is chosen depending on the situation and is always such that the number of sell orders equals the number of buy orders. - The target profit level is the level at which all orders in the grid are closed. #EducationalPost #TradingTips
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