$BTC update On the weekly time frame, we can see the formation of a bullish Pin Bar followed by indecisive doji; More of bullish signals
MY Daily Time Frame prediction is moving smoothly. If the lower time frame clearly breaks the support, we might see a flip & push to the 65,67k zone #bullrun
If $BTC breaks and closes above the 64k and 67k zone then the bulls might have it
But if $BTC fails to clearly break above the 64k zone then the bears might have it and we may see a retracement down to 56k zone or below it #Bitcoinhalving
All traders should fall under one of these right now
The first major demand zone of #BTC is around $52k. Aside from that price accumulated around $54 and $56k as well
After every bitcoin halving, we don't normally experience a big dump before the next mega bullrun. BTC has fell from it's ATH by over 20%.
So what's the call for Panic?
Mind you there are other demand zones below 50k but to be more realistic and avoid missing the mega pump one can start to DCA heafrom now and around 52k if price touches there.
I will post more coins with high risk to reward ratio. It is safer to invest in a coin that you might never get rugged or liquidated and get 100-200% and above profit holding it for 2-3months, 5-6 months or more than investing in a coin that you might get liquidated or rugged but have a chance of getting 1000% in 1month. #Write2Earn
Discount 1: $38k zone Discount 2: $42k zone Discount 3: $47k zone Discount 4: 50k zone
Take advantage of any of those discount prices using DCA strategy by leveraging on #btc or #altcoins The bullrun never gives you a phone call before showing up.
More so ensure you do have a good risk management plan. It will help you maintain your trading psychology, improve your trading decisions and increase your chances of winning in the long run #Write2Earn
The bull market does not give any sign when it comes.
DCA is a very important strategy to take advantage of. More so if you are doing DCA, always buy at a very cheap demand, don't just buy at any price and if you don't have much funds, try to be more patient and always buy at a very cheap price. Never chase trades, there are a lot of opportunities to give you the financial freedom you are looking for. Talking from experience, diamond hand investors who do their due diligence before investing and take calculated risk usually turn out to become successful than other traders.
However if you are the FOMO type even if you make profits, when you calculate your overall income you will notice you are in loss. 90% of the FOMO traders usually make losses at the end and this strongly affects their emotion and trading psychology.
#CHZ looks very healthy. I've been observing it for several months. It has not done a significant pump since bear market.
Current zone looks very cool. #Chz is currently switching to an overall bullish reversal pattern. It's set to pump from here except being affected by the general market volatility
Lately there have been a high inflow of money in bitcoin market.
The high surge of BTC movement we just saw recently was created from a S/D flip in the 43k zone.
Currently price is at very strong supply
Yes #BTCETF have been portraying a positive impact on BTC lately but the question is can there be a sufficient inflow of money that can clearly break the current supply at the 47.48k zone?
If price fail to break the current supply zone then we could expect to see a fall in bitcoin price. Another thing is before we can say we are bullish on BTC, we need to see the price of bitcoin close this week at its current price