WHAT'S UP GUYS !?
In this analysis I'm gonna talk about BITCOIN in a different point of view , So Let's begin!
As you can see on this linear chart ,bitcoin after its last long rally , has been trading in wide range zone that printed long candlesticks , which I called this area a war zone , somewhere since past year we've seen some deep volume profile(VP) ,actually there was and is extreme war between bears and bulls so , maybe it should be like in a consolidation phase for a while to recover itself and by spring retraction, integrate its power to start a new rally probably.
but why as always I'm bullish on bitcoin and crypto especially in the long term , because by corruption of governments, and the problem accrued by central authority and power in the world , I'm certain people lose their trust in fiat money more and more , and prefer to refuge in secure assets like bitcoin as safe shelter . so it not weird for me ,that total will reach the marketcap of GOLD by huge growth of crypto market in next few year .
although from now on , we can plan for long-term investment in bitcoin or good crypto projects by identifying good entry points, but
in this instance bitcoin will fluctuate between supply and demands area or volume gap zone , we should be able to use this opportunity by focusing more on swing in day trading or scalp more .
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ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're a fan of my analyses PLZ follow me and give a big thumbs ð OR drop comment ðŊð
In this analysis I'm gonna talk about BITCOIN in a different point of view , So Let's begin!
As you can see on this linear chart ,bitcoin after its last long rally , has been trading in wide range zone that printed long candlesticks , which I called this area a war zone , somewhere since past year we've seen some deep volume profile(VP) ,actually there was and is extreme war between bears and bulls so , maybe it should be like in a consolidation phase for a while to recover itself and by spring retraction, integrate its power to start a new rally probably.
but why as always I'm bullish on bitcoin and crypto especially in the long term , because by corruption of governments, and the problem accrued by central authority and power in the world , I'm certain people lose their trust in fiat money more and more , and prefer to refuge in secure assets like bitcoin as safe shelter . so it not weird for me ,that total will reach the marketcap of GOLD by huge growth of crypto market in next few year .
although from now on , we can plan for long-term investment in bitcoin or good crypto projects by identifying good entry points, but
in this instance bitcoin will fluctuate between supply and demands area or volume gap zone , we should be able to use this opportunity by focusing more on swing in day trading or scalp more .
--------------------------------------------------------------------------------------------------------------------
ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're a fan of my analyses PLZ follow me and give a big thumbs ð OR drop comment ðŊð
