Bitcoin is pulling back to 50MA (monthly) where a bounce would make sense like it happened in 2018 and 2015 as well!
RSI looks very bottomed (new ATL) and this seems enough to buy Low in order to sell High later this year, or at the beginning of the next one.
But first comes the boring part for 5-6 months of ranging and choppy moves, better be very patient..
Current Price= 22006.84
Buy Entry= 22000 - 18881
Take Profit= 52825
Expected Profit= +158%
Fib. Retracement= 0.786
Margin Leverage= 1x
Estimated Gain-time= 9 months
Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
#ERC20 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
#BEP20 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
#BEP2 BTCB-1DE
RSI looks very bottomed (new ATL) and this seems enough to buy Low in order to sell High later this year, or at the beginning of the next one.
But first comes the boring part for 5-6 months of ranging and choppy moves, better be very patient..
Current Price= 22006.84
Buy Entry= 22000 - 18881
Take Profit= 52825
Expected Profit= +158%
Fib. Retracement= 0.786
Margin Leverage= 1x
Estimated Gain-time= 9 months
Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
#ERC20 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
#BEP20 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
#BEP2 BTCB-1DE
Trade active:
All entries filled
Bitcoin bounced on ascending trendline as forecast, seems to be back on track!
We see two possible recovery scenarios here towards 200MA daily resistance:
Fractal from 2019 : slow but steady during 266 days
Fractal from March 2020: fast and sharp during 70 days
In the 2nd case, we could still hit 300MA weekly support before that, right now around 16.7k for a last "fakery"..
Bitcoin bounced on ascending trendline as forecast, seems to be back on track!
We see two possible recovery scenarios here towards 200MA daily resistance:
Fractal from 2019 : slow but steady during 266 days
Fractal from March 2020: fast and sharp during 70 days
In the 2nd case, we could still hit 300MA weekly support before that, right now around 16.7k for a last "fakery"..
