BITCOIN 50 000$ - BULLRUN 2023
📣 Hello everyone!
On the price chart of Bitcoin, an uptrend is rising. I believe that the maximum potential in 2023 will be limited to reaching the growth level of 50 000$ - this is my target at the moment!
❌ Stop in my head - I will follow the real ascent of the trend. Of course, there is no chance that the trend will end in the area of lower price resistance levels.
⚠️ As always, I wish you good luck in finding independent thoughts and profit ✊
Goodbye!
On the price chart of Bitcoin, an uptrend is rising. I believe that the maximum potential in 2023 will be limited to reaching the growth level of 50 000$ - this is my target at the moment!
❌ Stop in my head - I will follow the real ascent of the trend. Of course, there is no chance that the trend will end in the area of lower price resistance levels.
⚠️ As always, I wish you good luck in finding independent thoughts and profit ✊
Goodbye!
Comment:
📣 Hello everyone! Bitcoin failed to break through the resistance in the area of 30 000$, with a breakdown of the mirror support level of 26 631$, we should expect a deeper correction up to 23 000$ in a positive scenario. The probability of a breakdown is estimated as high. If a long position was not closed earlier at higher prices, now there is still an opportunity to take a position outside the market. If the bulls hold the support level of 26 631$, it will be possible to return to the long again, especially when forming one of the possible reversal patterns. With a negative growth scenario, there will be no more and Bitcoin will go to test the loy of 19 521$, and this will already be a trend change and the cancellation of this EWA trading idea, this scenario should be kept in mind right now.
Comment:
📣 Hello everyone!
Bitcoin tried to break through the mirror resistance zone twice and stay above 30 000$. The current price of Bitcoin is 26 228$ and most likely we will see a bearish breakout soon. The target for the fall will be the breakdown of the low 19 521$, which I have is the cancellation level for this trading idea. If you did not buy Bitcoin for 16-20-25 k$, then waiting until the price drops from 30 000$ to 20 000$ is at least not the best idea. If you did not come out to look around from BTC immediately after a false breakdown in the region of 29-30 k$, then you should be prepared for even more pain. Keep this in mind.
In fact, everything will be solved in the 0.618-0.786 fiba region, namely, will 50 000$ already be in 2024 without the low update of the present medium-term uptrend from 15 000$ or will it go to 10 000$
The probability that we will see 50 000$ in 2023 is already quite small now.
Everything is on the chart, watch the BTC price carefully, goodbye!
Bitcoin tried to break through the mirror resistance zone twice and stay above 30 000$. The current price of Bitcoin is 26 228$ and most likely we will see a bearish breakout soon. The target for the fall will be the breakdown of the low 19 521$, which I have is the cancellation level for this trading idea. If you did not buy Bitcoin for 16-20-25 k$, then waiting until the price drops from 30 000$ to 20 000$ is at least not the best idea. If you did not come out to look around from BTC immediately after a false breakdown in the region of 29-30 k$, then you should be prepared for even more pain. Keep this in mind.
In fact, everything will be solved in the 0.618-0.786 fiba region, namely, will 50 000$ already be in 2024 without the low update of the present medium-term uptrend from 15 000$ or will it go to 10 000$
The probability that we will see 50 000$ in 2023 is already quite small now.
Everything is on the chart, watch the BTC price carefully, goodbye!
Comment:
📣 Hello everyone!
1. The bearish breakout has not been confirmed.
- First, the price tested the mirror support level of 25 360$ + 382 fib, after the rebound, the axial saw began.
- After a 2-month cut, the axial price rebounded and growth began, the sinusoid closed.
- Bitcoin went the other way, without a deep correction to 786 fibs. Now there is a new phase of sinusoidal growth.
2. Another bullish rally inside 2023
- I believe that in the area of ≈ 40,000 $, the BTC price will again meet with strong resistance, which probably will not be broken through! This needs to be monitored, a long consolidation phase for 2-3 months will begin.
- It will most likely not reach 50 000$, the next medium-term bear market will begin.
Everything is on the chart, pay close attention to the BTC price! - Good luck in making independent trading decisions and profit ✊
Goodbye!
1. The bearish breakout has not been confirmed.
- First, the price tested the mirror support level of 25 360$ + 382 fib, after the rebound, the axial saw began.
- After a 2-month cut, the axial price rebounded and growth began, the sinusoid closed.
- Bitcoin went the other way, without a deep correction to 786 fibs. Now there is a new phase of sinusoidal growth.
2. Another bullish rally inside 2023
- I believe that in the area of ≈ 40,000 $, the BTC price will again meet with strong resistance, which probably will not be broken through! This needs to be monitored, a long consolidation phase for 2-3 months will begin.
- It will most likely not reach 50 000$, the next medium-term bear market will begin.
Everything is on the chart, pay close attention to the BTC price! - Good luck in making independent trading decisions and profit ✊
Goodbye!
Comment:
📣 Hello everyone!
The Bitcoin price increased from 34k$ to 42k$ (local high 42 440$), thereby reaching the resistance zone I designated + axial test. This idea will be expanded in the near future.
The Bitcoin price increased from 34k$ to 42k$ (local high 42 440$), thereby reaching the resistance zone I designated + axial test. This idea will be expanded in the near future.
Comment:
📣 Hello everyone!
I believe that most likely, with an error of 5% from the extremum of $42,440, a 15% correction will begin. This means that in the short term, from an R/RR perspective, the scales are tipped in favor of looking for entry points to open short positions. In my understanding, right now the probability of reaching $50,000 is no more than 30%.
If we look a little further and consider the medium term, then for me Bitcoin still remains bullish. I think that after the correction, another bullish impulse awaits us with a target of $48,000 - $50,000. That's where all the fun will be.
👀 Everything is on the chart, watch the BTC price carefully! - Good luck in making independent trading decisions and profit ✊
Goodbye!
I believe that most likely, with an error of 5% from the extremum of $42,440, a 15% correction will begin. This means that in the short term, from an R/RR perspective, the scales are tipped in favor of looking for entry points to open short positions. In my understanding, right now the probability of reaching $50,000 is no more than 30%.
If we look a little further and consider the medium term, then for me Bitcoin still remains bullish. I think that after the correction, another bullish impulse awaits us with a target of $48,000 - $50,000. That's where all the fun will be.
👀 Everything is on the chart, watch the BTC price carefully! - Good luck in making independent trading decisions and profit ✊
Goodbye!
Comment:
📣 Hello everyone!
Ultimately, in January 2024, the price tested the resistance level I had designated at $48,200, and only literally +2% growth was not enough to close the 2023 target - a round $50,000
This path to the goal of $30,000 was long and thorny; within a long-term uptrend, my local forecasts were not always accurate, but nevertheless the trading idea remained relevant for a long time.
❌ At this stage, I believe that the real trading idea has already outlived itself and should be closed. See you in a new long-term trading idea for BTC!
Goodbye!
Ultimately, in January 2024, the price tested the resistance level I had designated at $48,200, and only literally +2% growth was not enough to close the 2023 target - a round $50,000
This path to the goal of $30,000 was long and thorny; within a long-term uptrend, my local forecasts were not always accurate, but nevertheless the trading idea remained relevant for a long time.
❌ At this stage, I believe that the real trading idea has already outlived itself and should be closed. See you in a new long-term trading idea for BTC!
Goodbye!
Trade closed: target reached
Comment:
New idea:
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