Market

BTC 1W Weekly section: Bitcoin weekend №11 for COINBASE:BTCUSD by P_S_trade

We heard you and continue to run the section: weekly digest “Bitcoin weekend” №11
To begin with, we warned a week ago that a fall could begin. Monday-Tuesday was very red. Bitcoin fell by -20% in 2-3 days, and altcoins fell to -50%

BTC price has reach the target today since the previous digest publication, check the link here)

Also in the middle of the week, we gave two BTC ideas: The first is for a rebound, the second is now working out a wedge .
Therefore, subscribe to us and write comments and then you will always be aware of events and charts)

The weekly candle completely discourages the desire to enter longs. Though, theoretically, next week we can expect another BTCUSD growth, possibly up to $52,000, and maybe up to $55,000-56,000.

In the middle of the week, we update the BTCUSDT idea on a smaller timeframe.

Now for your attention the global picture of the BTCUSD pair

+ There are channels on the chart that work out very well for a long time.

+ Gann’s box, which could theoretically tell us important dates in the future.

+ Fibo levels which can indicate important support levels and future growth targets.

+ And also the fractal of the possible future BTCUSDT price movement is copied.
If this forecast works out, then we can still see BTC per $12,000, and then a parabolic growth to almost $400,000 per one BTC . While this is a fantasy, which in 2023 can become reality :)

BTC dominance picture hasn’t changed much over the week. Further, there is a channel at the bottom of the 3-year channel.

Therefore, the probability of a rebound of dominance to 68% is quite high, which in turn can provoke an increase in the BTCUSDT price pair.
We expect that altcoins will grow along with BTC , since today altcoins fell weaker on the downward movements of Bitcoin .

We have summed up the statistics of our ideas fulfilment here, please read and rate)

After that, write in the comments the trading pair you want us to analyze during the next week.

We’ll start in the comments, and you keep going!
TOP 5 trading pairs that will collect the most likes or comments will receive a worthy analysis from us.

And of course, do not forget to subscribe to us and write thoughts in the comments regarding our analysis!

_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.

We transform our knowledge, trading moods and experience into ideas. Each “like under the idea” boosts the level of our happiness by 0.05%. If we help you to be calmer and richer – help us to be happier :)

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button