Hello everyone, today is November 2, 2023. Today I want to share with you some exciting news: Bitcoin has exceeded 35K!
What does this mean? This means that the income of our medium and long-term holders may have exceeded 2000%! But we cannot be complacent, because the price of Bitcoin may still have room for higher growth!
In the world of Bitcoin, there is a classic saying called "morphological theory." To put it simply, the price starts at the low point of the pattern, or 2/3 of the low point of the pattern. Look, our friends who bought at 25K and 26K this time have witnessed the magic of this theory.
Of course, the price of Bitcoin cannot rise all the way, and there will be times when it falls. However, looking at the daily chart, we can see that when the price is at a rising high, it does not necessarily start falling at the lows. Instead, it may start a real decline at the high of the pattern.
Let’s look at the weekly chart again, and the head and shoulders bottom pattern is becoming more and more obvious. What does this mean? This means the price of Bitcoin could break through 48K before the halving! In other words, our long-term position may bring us greater profits!
Despite this, we cannot ignore the possibility of short-term consolidation. After all, the investment market is ever-changing. Therefore, we must always pay attention to important indicators such as KD indicators and 5MA moving averages in order to adjust our strategies in a timely manner.
Today’s article ends here. If you like it, you can click and follow ~ more good articles are waiting for you ~
☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you abide by the disclaimer;
What does this mean? This means that the income of our medium and long-term holders may have exceeded 2000%! But we cannot be complacent, because the price of Bitcoin may still have room for higher growth!
In the world of Bitcoin, there is a classic saying called "morphological theory." To put it simply, the price starts at the low point of the pattern, or 2/3 of the low point of the pattern. Look, our friends who bought at 25K and 26K this time have witnessed the magic of this theory.
Of course, the price of Bitcoin cannot rise all the way, and there will be times when it falls. However, looking at the daily chart, we can see that when the price is at a rising high, it does not necessarily start falling at the lows. Instead, it may start a real decline at the high of the pattern.
Let’s look at the weekly chart again, and the head and shoulders bottom pattern is becoming more and more obvious. What does this mean? This means the price of Bitcoin could break through 48K before the halving! In other words, our long-term position may bring us greater profits!
Despite this, we cannot ignore the possibility of short-term consolidation. After all, the investment market is ever-changing. Therefore, we must always pay attention to important indicators such as KD indicators and 5MA moving averages in order to adjust our strategies in a timely manner.
Today’s article ends here. If you like it, you can click and follow ~ more good articles are waiting for you ~
☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you abide by the disclaimer;