Today we caught ourselves thinking that a month has passed since we last wrote a review for the BTCUSDT forecast. How’s that? Bitcoin is the engine of progress) It is, but with BTC everything is simple: you understand what the price movement vector is and you are working with the trend. Trend is my friend, so do traders with many years of experience teach?
Since the BTC trend is clear to us, we concentrated our time for writing ideas on altcoins, as well as actively trading in our experimental Trade Marathon. We need to take profit while the market gives)
In particular, yesterday we published the idea of REEFUSDT, which has already begun its fulfilment. And as part of our two-year Trade Marathon, we have already set a positive stop on this position and are quietly waiting for the price to reach several take profits.
And towards the end of the month we will publish updated statistics of trades from the marathon. Spoiler: there will be both positive and unprofitable trades, and what result in the end will turn out even for us is interesting, but it will be honest)
Bitcoin price has been moving along the fractal since February 2021
Now back to the BTCUSD pair. If you compare this chart with our previous BTC forecasts, you will see that there are no significant changes on the chart: all levels are in place, liquidity zones are in place and the price is heading towards them.
For the coming weeks, we assume that the BTCUSDT price will move behind the minifractal that we have depicted on the chart. While the BTC price will slowly climb into the two liquidity zones of $48,000-$50,900 and $50,900-$54200, the altcoins may do another strong rally. These are positive expectations.
Though, in the sky-high dreams of a large percentage increase in the deposit, it is worth remembering that everything ends sooner or later, so we have depicted a big question mark.
When the BTCUSD price enters the liquidity zones described above, you should be extremely careful and insure all your trades with stops.
Below is a series of our ideas for the BTCUSDT pair, which have been working out pretty awesome and accurately for many months.
28 February 2021
May 17, 2021
June 1, 2021 (alternative scenario)
And now the Bitcoin price reaches a critical zone for all fractals, from where the price will go or update the highs of this year, or will collapse strongly in search of new investors in the cryptoindustry.
Accordingly, theoretically, the real goals by the end of the year are the growth to $80k-$90k for BTC, or a fall to $31k at least, or maybe up to 20-16-12 who wants so)
Our main task is to notice in advance the changes in the price movement trend and take profit from the table in time).