crypto

It's been a while since my last blog as I'm in the process of moving from Thailand to Indonesia and spent some time with my family in between. But now I'm back! 

What's up guys! Following up with Bitcoin today! We've ditched into the "resistance level" at around $72k multiple times now. To be honest, I don't like "support/resistance level", I always associate them with retail trading, which isn't really my style since I use other parameters to define my bias/levels/patterns etc. 

If you followed my last stock trading idea, you'll know that I mentioned higher prices on Broadcast.com. As of today, we reached the second Gap I mentioned in the post, and it seems like the stock will continue expanding to the upside. In cases like this, it depends on whether price closes in or outside a Gap/pricelevel. I'll go into detail in a later educational post, just know this: If it closes outside that Gap, it's likely to expand further to the upside, if not, lower prices can be expected.

Let's start with the last stock analysis I posted on TakeProfit, Salesforce. This trade resulted in a 26.56% drop or $76.67 move per share at the lowpoint. As outlined beforehand, we were expecting lower prices in Salesforce with an ideal entry, as almost always, at the 50% level. 

Following up with the trade and chart drawings from yesterday, we can see that we did in fact go above the BSL outlines in yesterday's edition, which would be a move of $1059 or 1.6% within 12 hours per Bitcoin. 

BTCUSD Live Trade in m1 using SMC and Fibo Trading 

The #crypto markets are in the middle of a #bullrun with Bitcoin reaching a new all-time high.  The approval of the Bitcoin Spot ETF at the beginning of 2024 contributed massively to the legitimacy of the asset class.  With the next Bitcoin halving just ahead, we can only assume based on history that this price will continue to rise.  #HODL