BTC: keeping up the uptrend!

2024年2月5日

After rebounding from $38,555 (near the $38,000 highs of November 2023) and breaking out of a bear trap descending wedge, BTC seems to have formed a symmetrical triangle around the support/resistance level of $42,700. This value is determined by the fixed range volume profile (FRVP) applied to the price behavior since breaking $40,000. Both the MA100D and MA200D are still rising. The Parabolic SAR gives us a rising support level of ~$39,800 (today). $38,555 and $42,700 continue to be important supports for the price behavior. Breaking down out of this short-term symmetrical triangle could hinder the bullish momentum, but breaking above $44,000 and $44,700 could propel the price to $50,000 and beyond.

One could make a long position with a stop-loss of less than -3% to try and profit from this rising trend.

2024年2月8日

トレード稼働中

And we're already at 45k!

2024年2月12日

トレード稼働中

50k target hit!

2024年2月14日

ノート

52k is the last resistance before 60k.

2024年2月26日

トレード稼働中

52k resistance broken with volume!

2024年2月28日

トレード稼働中

After breaking the previously stated $52,000 resistance, BTC has shot up to $60,000 — as expected! I anticipate it to encounter some stronger resistance areas on the way up to the all-time high (ATH).