LONG BTC/USDIn the BTCUSD chart I was able to do this analysis that has two options, either it follows the ascending channel that it has been having or it can make a shoulder head shoulder, but in either of the two options it is recommended to buy and put the take profit at the end of the shoulder head shoulder, so they make sure to win 50% and not less.
Greetings!
PS: I am relatively new to trading so I listen to your opinions.
Longbtc
Bitcoin - first 41500 then 46000? Big manipulations are close Today we will consider a small overview of Bitcoin.
The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles)
And we also left all the levels that we had designated before this time.
If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800
Why do we assume so?
According to the analysis, we are locally in a downtrend.
Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone.
This is seen by many market participants, including big players.
The volatility is decreasing and the trading range of the price is shrinking.
This is the first sign for big manipulations.
The gann angle indicates that in the near future we will see the price go beyond these gray rectangles.
Considering also that target days
These are daily targets for Bitcoin.
Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️
Our analytics team is looking forward to the turn of events as shown in our chart.
Observe risk and money management. Trade smart
BTCUSD - Short-term trade ideaEven though I am a medium-term seller of BTCUSD, the short-term picture suggest we may see higher.
The inverse Shoulder Head Shoulder pattern witnessed, suggest that the break above USD 50,718 should translate by a USD 27k (rounded) increased price short-term. In other words, for those interested in short-term play, buy in to pullbacks above USD 50k for a profit objective of BTCUSD 77,000.
BITCOIN WILL BREAKOUT THE RESISTANCE AREA (44000$) SOON!As you can see in the chart, the price of BTC is in the triangle pattern which now is broken, and retest it
EMA 21 & EMA 50 are supporting the price very well. For now, we may have a correction to the 42000$ area again and then go up and breakout the resistance area 44000$
we will see BITCOIN above 44000$ soon and then our target can be 47000-48000$
GOOD LUCK
IS POSSIBLE BTC AT 56k ?? YES.BITCOIN RIGHT NOW IS IN OVERBUY, SO POSSIBLE 45-46K FOR ACCUMULATION AND THEN GO TO 56K !!!
Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank.
Every transaction is publicly broadcast to the network and shared from node to node. Every ten minutes or so these transactions are collected together by miners into a group called a block and added permanently to the blockchain. This is the definitive account book of bitcoin.
In much the same way you would keep traditional coins in a physical wallet, virtual currencies are held in digital wallets and can be accessed from client software or a range of online and hardware tools.
Bitcoins can currently be subdivided by seven decimal places: a thousandth of a bitcoin is known as a milli and a hundred millionth of a bitcoin is known as a satoshi.
In truth there is no such thing as a bitcoin or a wallet, just agreement among the network about ownership of a coin. A private key is used to prove ownership of funds to the network when making a transaction. A person could simply memorise their private key and need nothing else to retrieve or spend their virtual cash, a concept which is known as a “brain wallet”.