1 min

Bitcoin – what is the limit of this growth?

You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.

Hello, everyone!

You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated. Now we see this bounce and the main question is what the highest price this growth can reach. I am going to take profit only if bearish signal occurs and now I just want to imagine the possible scenarios. But you should know that the scwnarios and analystics, to be honest does not matter. I execute the trades when see the clear signal with the proper risk to reward ratio. Now it is not the time to buy or sell BTC. If you bought BTC with me just relax and enjoy the analytics!

The price clearly broke to the upside the monthly CPR and 0.23 Fib level ($39300-39700). The price can test this level as a support, but it is not obligatory. If it is the case, the scenario 2 with the small bounce is going to play out. In case of this correction the bearish divergence with MACD will be formed, which can be the sign of the bounce end.

I want to see the scenario 1, when the price is going to grow faster with the final target at Fib golden pocket (approximately $50000).

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Skyrexio x Bybit are hosting a 30-day trading showdown. Top 30 traders take home the prize! How to Participate: 1️⃣ Register for Skyrexio x Bybit trading competition2️⃣ Trade using Skyrexio.com

Skyrexio is a leading non-custodial crypto trading platform and official broker for major exchanges announces the full integration with Crypto.com. With this partnership, Crypto.com users can now access all of

Skyrexio has integrated with Bybit to help users automate trading and simplify strategy execution across exchanges. Bybit users now have access to Alert Bots for automated TradingView alerts or custom

In this article you will learn how to combine Awesome Oscillator and Acceleration/Deceleration indicator in conjunction to have the trading zone for aggressive decisions.
Hello! Our COO Dmitry Efremov visited Token 2049 in Singapore! Here is the overview of key events there!
In this article you will learn how to use Acceleration / Deceleration indicator in your trading.