This is a possible scenario
Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately 51-60 weeks.
150 bars on Bitcoin's weekly price chart, mark the beginning of a next pulse of the growth cycle that we are currently in. Everything in our life is based on cyclical patterns, especially when it comes to financial markets.
If we analyze the rise and fall, we can conclude that the fall occurs faster than the growth of about three times.
Based on Kondratieff's scientific works on periodic waves theory, that refines up and down movements of the modern world economy, we can predict that Bitcoin is yet to go through another 3-4 annual cycles. As many already know, all theories that have worked effectively in traditional financial markets will be carried out into cryptocurrency markets. But until Bitcoin will cross $6,000 price mark, nothing is set in stone.
In this bear market that lasted 51 weeks, a lower channel was formed, which has been broken by a strong impulse movement and high volumes. But at the top, there is a serious mirror resistance level in the region of $5,800-$6,000. The MA50 and 100 also have to be broken in order to keep the momentum
An ascending triangle figure is also emerging on the Bitcoin price chart, which could potentially signal upward breakout. Since there are a lot of good news about cryptocurrency and, especially Bitcoin , this could be a unique investment opportunity for the next four years.
150 bars on Bitcoin's weekly price chart, mark the beginning of a next pulse of the growth cycle that we are currently in. Everything in our life is based on cyclical patterns, especially when it comes to financial markets.
If we analyze the rise and fall, we can conclude that the fall occurs faster than the growth of about three times.
Based on Kondratieff's scientific works on periodic waves theory, that refines up and down movements of the modern world economy, we can predict that Bitcoin is yet to go through another 3-4 annual cycles. As many already know, all theories that have worked effectively in traditional financial markets will be carried out into cryptocurrency markets. But until Bitcoin will cross $6,000 price mark, nothing is set in stone.
In this bear market that lasted 51 weeks, a lower channel was formed, which has been broken by a strong impulse movement and high volumes. But at the top, there is a serious mirror resistance level in the region of $5,800-$6,000. The MA50 and 100 also have to be broken in order to keep the momentum
An ascending triangle figure is also emerging on the Bitcoin price chart, which could potentially signal upward breakout. Since there are a lot of good news about cryptocurrency and, especially Bitcoin , this could be a unique investment opportunity for the next four years.
The indicators still showing an uptrend
but we have a sell signal in the 3minute chart
We have setup a test trade with some of our BTC to protect them in case of big dump
Step 1/2 USDT/BTC Finished. #Profit: 0.34%
Step 2/2 USDT/BTC Finished. #Profit: 0.98%
We will do the same trade
so we can take some scalping profit
Remember. Do not risk more than 0.5% - 2% of your total account in each trade. We don't go all in. NEVER!
Imagine if you loose 10% of your account. In 7 losses in a row, you loose 70% of your account.
Imagine if you loose 10% of your account. In 7 losses in a row, you loose 70% of your account.
Use proper Risk management.
You risk 1$ (that is your stop loss) to be able to gain 1-2-3 or more $
You risk 1$ (that is your stop loss) to be able to gain 1-2-3 or more $
These are the chances to loose in a row... over a period of 50 trades