BTC: Last low-risk buy before reaching 70,000.
After a breakdown of the wedge pattern, consider buying between 62K and 63K. This represents the final pullback before BTC reaches 70K.
Comment:
It is not over yet, it was only ~63800. It can go back up to 65200 before the target 63000.
Trade active:
Congratulations to everyone who joined us and capitalized on this favorable buying opportunity. Bitcoin has successfully hit our target price, and we hope everyone managed to get on board in time. Due to the weekend, the price movement might start slower, so we recommend patience and suggest waiting until Monday for a clearer direction.
Important Note:
If the price drops back into the $60,000-$61,000 range, this might signal a weaker bullish sentiment, and it could be wise to consider closing your position as further declines could be expected. However, if the price starts climbing nicely, the next target could be $70,000. After some consolidation, the next major milestone we're aiming for is $100,000.
Important Note:
If the price drops back into the $60,000-$61,000 range, this might signal a weaker bullish sentiment, and it could be wise to consider closing your position as further declines could be expected. However, if the price starts climbing nicely, the next target could be $70,000. After some consolidation, the next major milestone we're aiming for is $100,000.
Comment:
Here we go! After it goes down to 62000 and bounced back to 63000.
It took more time I expected, but at least have enough time to make a beautiful positive RSI divergence in H4.
Overall, I do not believe it's likely that Bitcoin would fall back to $53,000 as some analyses suggest. This level would represent a perfectly sized correction in the middle of an upward trend cycle. Therefore, if it starts climbing from here, similar to previous cycles, we might see some of the fastest rallies in the coming months.
I don’t want to predict the market, and I will adapt if things turn out differently. If the price continues to fall beyond this point, the situation changes completely, and I recommend not staying in the position.
It took more time I expected, but at least have enough time to make a beautiful positive RSI divergence in H4.
Overall, I do not believe it's likely that Bitcoin would fall back to $53,000 as some analyses suggest. This level would represent a perfectly sized correction in the middle of an upward trend cycle. Therefore, if it starts climbing from here, similar to previous cycles, we might see some of the fastest rallies in the coming months.
I don’t want to predict the market, and I will adapt if things turn out differently. If the price continues to fall beyond this point, the situation changes completely, and I recommend not staying in the position.
Trade closed: stop reached:
It spiked up to $64,000, but then was strongly pushed back down to $61,000. From this point, it's not following the pattern I was expecting. I wouldn't touch it until it goes back above $64,000 again; I'm going to wait and see how it unfolds.