Hi everyone,
This is our updated Bitcoin chart (BTCUSD) which reveals mostly bullyish momentum and why not a potential rise now, or a bit later.
Previously we had managed to buy the dip PERFECTLY at 43200 and this level seems to be a 'bad scenario' at this stage as our FXPROFESSOR INDICATOR shows strength (blue circles) and is giving the price support. You can see the last 2 times it gave us such an indication we had managed to buy in excellent timing- let's hopw we can do this again now.
We had previously asked if we will see the 40,000 mark again, we came close with the 43,000 support and we estimate a good 65% chance of seeing new all time highs before we see the 40,000 mark being checked.
This is the last time we bought after our indicator was supporting Buying setups, here.
ps. The Nasdaq potential recovery from last weeks losses would help boost Bitcoin price, so keep an eye on that one too. If the Nasdaq and SP500 crash most likely Bitcoin and cryptos will be affected for a while.
Remember, we are not financial advisers and this is our personal opinion.
Wish you all the best,
the FXPROFESSOR
This is our updated Bitcoin chart (BTCUSD) which reveals mostly bullyish momentum and why not a potential rise now, or a bit later.
Previously we had managed to buy the dip PERFECTLY at 43200 and this level seems to be a 'bad scenario' at this stage as our FXPROFESSOR INDICATOR shows strength (blue circles) and is giving the price support. You can see the last 2 times it gave us such an indication we had managed to buy in excellent timing- let's hopw we can do this again now.
We had previously asked if we will see the 40,000 mark again, we came close with the 43,000 support and we estimate a good 65% chance of seeing new all time highs before we see the 40,000 mark being checked.
This is the last time we bought after our indicator was supporting Buying setups, here.
ps. The Nasdaq potential recovery from last weeks losses would help boost Bitcoin price, so keep an eye on that one too. If the Nasdaq and SP500 crash most likely Bitcoin and cryptos will be affected for a while.
Remember, we are not financial advisers and this is our personal opinion.
Wish you all the best,
the FXPROFESSOR
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