shatzakis
@t_shatzakis
What symbols does the trader recommend buying?
Purchase History
پیام های تریدر
Filter
Signal Type
shatzakis
On a weekly chart, the ForexGPT Sentiment Score indicator (from tradingview.com/u/forexgptai/) indicates that BTCUSD remains "strong bullish" at current levels above 100k, with longer-term multi-year resistance around 140k which could be reached over the next 6-18 months, which could see a polarity reversal if it turns into support, before a push towards 200k thereafter, from a longer-term multi-year perspective. Keep in mind, from now until then there could be significant swings and volatility dips, akin to noise, which if you are a long-term investor can be a distraction, whereas traders may delight yet extreme caution is needed with potential massive market moves for this asset. The indicator used in this chart (disclosure, I am affiliated with this tool):
shatzakis
Looking at a logarithmic chart of BTCUSD on a weekly basis, we can see an ascending non-equidistant channel that bitcoin has been following where it has just regained the middle line of the channel with the recent move to 80k, a major psychological level that could switch between support and resistance in the coming months, and with 150k price target within reach if BTCUSD can hold this channel over the next 12 months.
shatzakis
Given all the focus on BTCUSD recently with the launch of Bitcoin ETFs and the upcoming halving this year, it was refreshing to look at the longer-term views from a monthly candle chart on a logarithmic price scale, showing the trajectory towards SWB:69K as the next significant resistance near prior all-time highs:
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.