BTC/USD - Further 24% upward movement might be upcoming
Hello, Traders!
Buyers continue local ascending movement from 29150$
All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $
In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued.
We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000
Entry in the deal can be considered in the range of $44600-$45100
The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis)
Targets would be Fibonacci levels at
$51 000
$54 200
$56 300
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade I am following myself
Buyers continue local ascending movement from 29150$
All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $
In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued.
We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000
Entry in the deal can be considered in the range of $44600-$45100
The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis)
Targets would be Fibonacci levels at
$51 000
$54 200
$56 300
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade I am following myself