- In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin . Please, read!
- The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
- On the chart you can see a great potential setup that you can take for a massive profit, up to 186%! 12500 USDT is a very strong level and there is a confluence to buy exactly at this point.
- Confluence: start of the gap from 2020 + previous swing high from 2019 + impulse completed + Wave A + previous Wave (1) support + previous breakout level of the pattern.
- If you don’t want to wait for this profit target, you can sell Bitcoin at 17600 USDT or 24000 USDT, which are strong resistance on the way up. But I think 24 000 USDT is definitely doable!
- The price is below the 200 weekly moving average, which is really bad. This particular MA is considered a strong by huge institutions and hedge funds.
- According to my analysis, there is a high probability that we are going to finish this incomplete impulse wave, so more downside is possible!
- Buy bitcoin at 12500 USDT and sell it at 35900 USDT. It sounds like a great plan, doesn’t it?
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.