Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Entry 60,366.0000 2024-10-02 20:17 UTC
Target 100,000.0000 In 2 Months
Fail 40,000.0000
Risk / Reward 1 : 2
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Final PnL
65.66%
P/L:
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BTCUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The video discusses Bitcoin market cycles, focusing on the unusual sideways bull market observed. It notes Bitcoin's monthly close at $63,000, marking the eighth consecutive month in a $60k-$70k trading range. The analysis suggests manipulation is unlikely over eight months, proposing instead a pre-halving pump due to ETFs, which led to a new all-time high before the halving. The analysis references the 200-week moving average and the RSI. It suggests whales are awaiting the US elections. A flat period, a sideways Bitcoin price movement is expected until a trigger. It emphasizes to hold the Bitcoin until the price rise.
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