First of all, I want to introduce myself, my name is Lenon, but my nickname on the networks is "Lenonmc21", I am a Blockchain and #Criptomonedas enthusiast, as well as a trader who has been studying this fabulous profession for some time. years, and from this moment on, he wants to share with you analysis of the most important Cryptocurrencies in the entire ecosystem among other very interesting things about this world.
However, to start, I will share a #analisis of $BTC in the medium and long term, taking into account that my way of analyzing is very simple, I only applied the (Market structure and the action of the price), accompanied by (Cycle Closings), which allows me to see the complete map of what the price most likely wants to do, my operation is in high temporalities, like 1s, 1d and h4 at a minimum, but, it does not want say don't scalp.
In this sense, I will be sharing my detailed analysis, so if you want to know what the #Bitcoin: can do soon, don't leave my profile, because I will also teach you how to make #BitcoinTrading from scratch :
Graph of #BTC in 1s
As you can see, the price has been breaking upward zones, which caused the "Market Structure" to go from bearish to bullish, in this sense and for those who are newer to this, the price moves between Supports and Resistances, regardless of news that may affect market sentiment.
So, when analyzing, the only thing we have to see is where we are, to know where we are going, in this case, the price of $BTC what it did was look for the next resistance, which is where it is at this moment, so if the price manages to break out of this zone between $45,000 and $47,000, it will most likely look for the next one between $66,000 and $69,000.
BTC 1d Chart
The price on 1d charts is consolidated, which is natural, since it is in a decision-making zone, however, with the strength that it has been rising, I would say that, most likely, it will manage to break that zone and Make your way to the objective I mentioned earlier.
recommendations
They must always wait for the price to break through the zones, and wait for it to be retested to buy, this break confirms the dominance of the buyers.
If the price makes a downward break of the last bullish impulse and makes a downward structure, there is a change in trend, not before, the rest may be a "Cycle Closure"
