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Technical analysis by kadirogluemre about Symbol BTC on 3/31/2024

https://sahmeto.com/message/3349221
kadirogluemre
kadirogluemre
Rank: 10287
1.6
،Technical،kadirogluemre

Recently, everyone has been expecting a correction before HALVING. They cause people to fear and panic and take the goods from the hands of small investors. No sales by ETF for BTC. Besides, it doesn't make sense to me that these guys are making huge sales from these bands when their average is 52k. On the contrary, while everyone is thinking about the halving and the big rise that will follow, I think BTC will price until the HALVING date. When the halving comes; The halving has come, the rise cannot be stopped, we are going to 150k, the market should start to crash without being noticed. Even if things go well up to that point, I will switch to 80% cash. Today, the first quarter of 2024 will end. Weekly, monthly and quarterly closings will occur. I think this is the reason for the sales pressure on the market. In the current situation, the commodities that were inflated during the period when BTC was going up and down are entering a correction, and the altcoin charts are also settling. A buyer block occurred at 68k and I say in every article that in the scenario where we stay above 64k, the direction will be up. At this point, we should expand our portfolio by taking profit from the coins we have and making room for trending products that have not yet risen. Instead of being emotionally attached to coins, we can only achieve cumulative growth by wallet-based trading. The logic of "it can't go, it will fall" also applies to me. As for the bull, I hold on and approach it with the mentality that it will rise. Because resistances work stronger in bears and supports work stronger in bulls. I'm taking notes to myself. It is not investment advice.

Translated from: Turkish
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$70,014.05
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