largoplazo
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The amount of Bitcoin (BTC) on exchanges has dropped to its lowest level since 2018 đ. This indicator suggests that fewer people are willing to sell, as investors prefer to keep their BTC in private wallets đ. This trend is seen as positive in the long term, because it limits the supply in the market, which could drive the price of BTC in the future đ. In addition, this drop coincides with a growing adoption of Bitcoin and accumulation by large players đŚ.
Source: Crypto Report.
#MarketDownturn
#Bitcoin!
#largoplazo
#BinanceTurns7
Source: Crypto Report.
#MarketDownturn
#Bitcoin!
#largoplazo
#BinanceTurns7
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Design a strategy
Before buying: Design a strategy
Investing in cryptocurrencies $BTC is not just about clicking and trusting luck. Having a solid plan is essential to reduce risks, as well as helping you identify the best time to acquire or sell your digital assets. These are the key steps to build your strategy:
1. Define your financial goals
Before making your first purchase, reflect on your reasons for investing:
Long-term savings: You might be looking to protect your capital against inflation.
Investing in cryptocurrencies $BTC is not just about clicking and trusting luck. Having a solid plan is essential to reduce risks, as well as helping you identify the best time to acquire or sell your digital assets. These are the key steps to build your strategy:
1. Define your financial goals
Before making your first purchase, reflect on your reasons for investing:
Long-term savings: You might be looking to protect your capital against inflation.
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$BTC
Image 1 TF Weeklyđť
Strong rejection in a high liquidity area added to the upper part of a long-term channel that I am seeing.
The btc ETF was the famous news sell.
đĽmy analysis is that I expect it around USD 30,000-28,000
image 2 TF Diary đť
There are areas where there could be some possible rebounds to monitor, I leave them marked
đĽfirst zone between 38200-36800
second daily points to monitor 35,755 and 33,900
đĽIn case we lose this last level, the 33900, I do not rule out a visit to the 28500, I have several confluences there. to follow the movement.
đIn what case could these bearish options be invalidated?
to get back into the daily range that is around 40,200 and break the structure.
#btc #Crypto #espaĂąol #largoplazo #BinanceSquare
Image 1 TF Weeklyđť
Strong rejection in a high liquidity area added to the upper part of a long-term channel that I am seeing.
The btc ETF was the famous news sell.
đĽmy analysis is that I expect it around USD 30,000-28,000
image 2 TF Diary đť
There are areas where there could be some possible rebounds to monitor, I leave them marked
đĽfirst zone between 38200-36800
second daily points to monitor 35,755 and 33,900
đĽIn case we lose this last level, the 33900, I do not rule out a visit to the 28500, I have several confluences there. to follow the movement.
đIn what case could these bearish options be invalidated?
to get back into the daily range that is around 40,200 and break the structure.
#btc #Crypto #espaĂąol #largoplazo #BinanceSquare