While the world looks like it's collapsing, Bitcoin looks like it could be a good alternative to solve a lot of problems..
1. Halving
While many countries are printing a lot of cash, in may Bitcoin will be dropping the reward for minting Btc. This means the demand will get higher than the sellers.
Many countries are already starting to adopt Crypto-Currency, and once the halving is done we should see a push up in the price actions, followed by a massive euphoria.
2. Falling Wedge
A falling wedge pattern is probably one of the most bullish pattern once you break it.
Right now we got rejected at the top trend line, i expect a last push down in the 4.7k area then we should start squeezing and i expect a breakout from there.
P.S. Note that a wick to 4 180 will be possible!
Personally i'm getting prepared, slowly building a bag on many exchanges, Binance is one of my favorite since you have access to Spot, Margin (x5) and Futures (x125).
So here's how i will play this:
Long: 4 680 - 4 750 Sl: 4570 Targets for short-term: 5 660, 6 000 Targets for mid-term: 10 500, 13 200 Targets for long-term: 20 000, 50 000 & more
If you want to fallow my trade ideas, feel free to click on the links below. You will be redirected to my private groups.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.