first any time

Let’s take a look at the $BTC HTF plan

figure 1

$BTC broke out of the monthly long-term consolidation range after the 0.5 Fibonacci gold level between the 2022 swing high and swing low was rejected. Well, Bitcoin falling outside the range means increased market volatility, assuming this breakdown is more than just a deviation below the range low.

Assuming this breakout is real and not a deviation, I would expect two scenarios to play out with BTC sustaining higher lows on the weekly time frame.

Scenario 1 - Retracement to daily imbalance 28.4 -28.4k or below to capture seller liquidity and move higher.

Nowadays, more and more people are paying attention to currency speculation in the currency circle, but there are very few people who really understand it. Newbies don’t know where to start. Today I will share with the novices in the currency circle some basic knowledge about the currency circle. .

1. What is currency speculation?

In this article, let’s first talk about currency speculation. In fact, currency speculation is similar to stock speculation, real estate speculation, and foreign exchange speculation. They all make profits by buying at low prices and selling at high prices to earn the price difference.

For example, if you think house prices are going to rise, buy a house immediately, wait until it has almost risen, sell it, and make a big profit. The difference is that currency speculation is about digital currencies and a freer trading mechanism (non-stop trading 24 hours a day) ), greater profit potential (no price limit), making digital currency an investment target with a return on investment that far exceeds that of traditional stock markets, futures markets, funds, real estate, etc.