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Warrior001
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what's the next fate of #BTC? Bearish or still bullish ? 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 #Write2Earn

what's the next fate of #BTC?

Bearish or still bullish ?

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

#Write2Earn

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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$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
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PS: Short term prediction 👇 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
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panic sell,,, hodl,,, ape in,,, 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. #BitcoinHalvingTrends #BTC_MARKET_UPDATE
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Sometimes we get to learn things the wrong way. A lot of traders don't even understand what 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦 and 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 are. Let's quickly brush that 👇 ⤵️ 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 This simply refers to the speed at which the price of an asset changes with respect to time. We have POSITIVE & NEGATIVE Momentum Positive momentum simply means the price of an asset is generally rising showing buy pressure. Negative momentum simply means the price of an asset is generally falling showing sell pressure Momentum is used by traders to know the strength or weakness of a trend. Some indicators used include RSI, MACD etc ⤵️ 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 This refers to the degree of variation of a trading price. High volatility entails that the price of an asset changes rapidly by significant amounts and in a short period. E.g Coin A is $8 now, moves to $30 5minutes later and after 1hr drops to $7 Low volatility This simply means price changes or fluctuates gradually and by small amounts Volatility is used by traders to know how quickly/sudden a price changes E.g of Volatility Indicator is BollingerBand Can you now differentiate between momentum & volatility? If yes I'm glad you did. Stay tuned for more insightful contents #bitcoinhalving #BTC #tradingbasics
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Some #coins with high prospects are 1) #chz 2) #woo 3) fan tokens like #alpine, #lazio, etc 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
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