Bitcoin is going to rise again despite the results of the US elections.
If you look at the daily chart you can find that we have already tested previous resistance level twice and both time buyers could manage to hold the price from crashing😎
On top of that, we can also look at the bitcoin statistics 📊 Each halving year not only October was successful for bitcoin but also following two months (November and December). Look for 2016 and 2020 on the second picture 📈
Soon I will share my trading plan for November. For now I can say that we are really close to the beginning of the parabolic growth phase 🚀
We have entered the most successful month for bitcoin according to statistics 📈 Only twice in bitcoin history October closed red🤷🏼♂️
What tells us about future growth?
1. Historically bitcoin, which closed September in the green zone, continued to grow for at least the next three months 📈 2. On a daily timeframe we are still trading above the middle of the channel 📈 3. On RSI we have room to go even higher📈
However, overall global situation is still very uncertain🤔
So based on that, what do you think will happen in October? I believe we will see huge growth very soon😎
We have entered the most successful month for bitcoin according to statistics 📈 Only twice in bitcoin history October closed red🤷🏼♂️
What tells us about future growth?
1. Historically bitcoin, which closed September in the green zone, continued to grow for at least the next three months 📈 2. On a daily timeframe we are still trading above the middle of the channel 📈 3. On RSI we have room to go even higher📈
However, overall global situation is still very uncertain🤔
So based on that, what do you think will happen in October? I believe we will see huge growth very soon😎
As you can see bitcoin successfully broke resistance level at the middle of the global channel and now is sitting at around +16% profit from our buy zone🤝🏼
Not only bitcoin broke the resistance on the price chart but also on RSI😏
I have booked some profit as I told you in my previous post and re-entered at $58k.
Our next global target is sitting at the top of the channel $67k 🎯 and approximately +24% on spot from our first entrance🙈
Let’s just wait patiently and see what happens next 🤔
Have you traded it with me? Share your trades in the comments below 👇🏻
This pattern is formed when an asset's price creates a low (the “left shoulder”), followed by a lower low (the “head”), and then a higher low (the “right shoulder”)🤔
Do you think it’s time for $BNB to rise and shine?🚀
I bought some with an average price $540 and now is watching for a breakout of resistance level at $600 (neckline).
Let’s see what happens next. Hopefully, we will reach our target at $650🎯
As you can see bitcoin successfully broke resistance level at the middle of the global channel and now is sitting at around +16% profit from our buy zone🤝🏼
Not only bitcoin broke the resistance on the price chart but also on RSI😏
I have booked some profit as I told you in my previous post and re-entered at $58k.
Our next global target is sitting at the top of the channel $67k 🎯 and approximately +24% on spot from our first entrance🙈
Let’s just wait patiently and see what happens next 🤔
Have you traded it with me? Share your trades in the comments below 👇🏻
Bitcoin successfully reached the level at $54k. We were out of the falling channel for a while but now again inside it and trading at the bottom.
Look more carefully now for the buyers reaction, because we may go up from these levels. I have bought some bitcoin as I warned you in my previous post and will buy more if price goes lower. You should also be prepared to buy more at $51k, because only our 1st target was achieved😎
I believe that this is the last chance to buy bitcoin at these prices during this bull run 🤷🏼♂️
So don’t hesitate and plan your trades accordingly 🤔
Bitcoin successfully reached the level at $54k. We were out of the falling channel for a while but now again inside it and trading at the bottom.
Look more carefully now for the buyers reaction, because we may go up from these levels. I have bought some bitcoin as I warned you in my previous post and will buy more if price goes lower. You should also be prepared to buy more at $51k, because only our 1st target was achieved😎
I believe that this is the last chance to buy bitcoin at these prices during this bull run 🤷🏼♂️
So don’t hesitate and plan your trades accordingly 🤔
As you can see bitcoin is still trying to break resistance level at the mid of the channel. I have already bought some portion at the $56k as it was expected and recommended🤝🏼
I am waiting for continuation of uptrend but on RSI we can now see bearish convergence🤷
I am expecting to buy more if we go down or book my profit at the top of the channel if we go up😏
As you can see bitcoin is still trying to break resistance level at the mid of the channel. I have already bought some portion at the $56k as it was expected and recommended🤝🏼
I am waiting for continuation of uptrend but on RSI we can now see bearish convergence🤷
I am expecting to buy more if we go down or book my profit at the top of the channel if we go up😏
Let’s look on a daily and 4H timeframes guys. First of all, all of you now can see that it was fake breakout of the huge channel😏
We are now trading again inside this channel. Rising wedge worked perfectly fine which you can see on the second picture (4H timeframe). However, my limit orders weren’t successful and I couldn’t buy back🤷
As you can see bitcoin did retest of the bottom of the channel and rose to the middle. Possible key scenario now is that we can test once again bottom trendline. Thus, I’ve changed my limit orders accordingly starting from $56k and below😎
Now it’s time for accumulation so we can stay here for some more time 😏
What do you expect from bitcoin this month? Share your thoughts in the comments below 👇🏻
Let’s look on a daily and 4H timeframes guys. First of all, all of you now can see that it was fake breakout of the huge channel😏
We are now trading again inside this channel. Rising wedge worked perfectly fine which you can see on the second picture (4H timeframe). However, my limit orders weren’t successful and I couldn’t buy back🤷
As you can see bitcoin did retest of the bottom of the channel and rose to the middle. Possible key scenario now is that we can test once again bottom trendline. Thus, I’ve changed my limit orders accordingly starting from $56k and below😎
Now it’s time for accumulation so we can stay here for some more time 😏
What do you expect from bitcoin this month? Share your thoughts in the comments below 👇🏻
Just sold most part of my short term position on BTC💰
On 1-hour timeframe we can now observe rising wedge🤷
KEY TAKEAWAYS 🔸The rising wedge is a technical chart pattern used to identify possible trend reversals. 🔸The pattern appears as an upward-sloping price chart featuring two converging trendlines. 🔸It is usually accompanied by decreasing trading volume. 🔸Wedges can either form in the rising or falling direction. 🔸A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Just sold most part of my short term position on BTC💰
On 1-hour timeframe we can now observe rising wedge🤷
KEY TAKEAWAYS 🔸The rising wedge is a technical chart pattern used to identify possible trend reversals. 🔸The pattern appears as an upward-sloping price chart featuring two converging trendlines. 🔸It is usually accompanied by decreasing trading volume. 🔸Wedges can either form in the rising or falling direction. 🔸A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Elon Musk turns on the laser eye mode and saves $BTC from correction after Biden withdrew from the presidential race, which spoiled Trump’s chances of winning. It was not yet clear whether it was a political action or the announcement of his participation in a bitcoin conference in Nashville together with Donald 🕑
Based on this positive news, BTC exceeded $68k, after what it returned to the original range. At 1H timeframe, we see readiness for local correction. So we need to stay focused 😏
I have started to book short term positions on bitcoin and will continue on its way up💰
You can try to re-enter at $62k if you missed this trade. We may go to the middle of the channel before continuation of uptrend 🤷