Hello friends!
Decided to share my observations of the monthly chart for the BTCUSD pair.
At the moment, Bitcoin is trading at its historic highs.
At the same time, we see that every pullback is well redeemed, which means the presence of strong buyers.
In this post I would like to draw your attention to where the price can go when the historical level is broken.
In my opinion, the growth is not over yet, I think December will also be long.
On the chart, I have highlighted three strong growths over the past 4 years!
Each movement was after a strong accumulation, and at the exit from accumulation, we received three months of strong growth from (40-110%) on each month.
I also ask you to note that each subsequent month is growing more than the previous one.
At the moment we have 2 months of growth.
In case of breakdown of the historical maximum, the price will definitely go further up!
The question is, where can the price go?
Based on previous similar movements, I can assume that the price can reach $ 29,000- $ 35,000 for 1 Bitcoin
This idea does not guarantee that the price will reach exactly there, but when the price moves up, at the indicated levels, I will pay attention!
Have a great day and profit, trade on the trading system.
Who liked this idea, write your feedback and like it!
Decided to share my observations of the monthly chart for the BTCUSD pair.
At the moment, Bitcoin is trading at its historic highs.
At the same time, we see that every pullback is well redeemed, which means the presence of strong buyers.
In this post I would like to draw your attention to where the price can go when the historical level is broken.
In my opinion, the growth is not over yet, I think December will also be long.
On the chart, I have highlighted three strong growths over the past 4 years!
Each movement was after a strong accumulation, and at the exit from accumulation, we received three months of strong growth from (40-110%) on each month.
I also ask you to note that each subsequent month is growing more than the previous one.
At the moment we have 2 months of growth.
In case of breakdown of the historical maximum, the price will definitely go further up!
The question is, where can the price go?
Based on previous similar movements, I can assume that the price can reach $ 29,000- $ 35,000 for 1 Bitcoin
This idea does not guarantee that the price will reach exactly there, but when the price moves up, at the indicated levels, I will pay attention!
Have a great day and profit, trade on the trading system.
Who liked this idea, write your feedback and like it!
