How to Trade BITCOIN in this $50k+ price range (Profitable Trade Setups)

BTC Price Predictions. Not financial advice. This #Bitcoin video shows the current price charts and gives recommendations to maximise your profit.

...Randy says I'm on the disc golf course walking into trees to watch! Wow! nice one I hope you're having a good time out there.

It's actually raining, it's pouring, the old man is snoring! It's all cats and dogs here where I am!

Right, cool, excellent! So this is the bitcoin summary!

Hi, friends bitcoin summary!

Hitting the like button really is appreciated.

We're looking at the charts here: we're saying that this low that we had recently, in terms of rsi, could be indicating to us that we've got hidden bullish divergence.

Overall if we're looking at this on the MACD, making the same sort of assertion, when we look between the last two significant lows. Of course, casting our eye past this key structural support that we did push down past in order to put it in [the low]!

that forms the question for us if we can push up the way we could capitalize off that and go for higher targets... if we actually don't manage to take the benefit from that then what we're looking at is having put in that low which could, of course, lead to lower lows and lower highs, and if this forms that lower high right now then what are our targets down below?

if we push past this key area that I'm looking at right here right now then what are our targets up above and where is the best entry for us in terms of just the medium case scenario? Somewhere between the two?

*singing* "let's let's let's do this, let's fall in love"

By the way if you want to hit that like button...? Really appreciated!

This is the chart here, you can see just here for you, the bitcoin price action. We had this move on the go that was from the previous show, of course, that's worked out very very well.

But that means what's happening up at this stage and for a lot of people, let's be frank, they are of course taking profit having come in here and seen the prices go up 10 percent.

Common enough area to see that happen at!

Therefore we can be looking back down towards that: $52,500 or $54,500. They're good entry points.

But if you were to enter from this region, right here, right now, how would you be managing your risk?

And it's probably operating something along these sorts of lines where Bitcoin is asking the question about if we push down past this zone here at the $56,000 area would you be holding on to any longs at that point or not?

Given that $54,500 or $55,00 area is going to be a, you know, Bitcoin's next pit stop after that if we just push down past this region!

That's why it's very clearly marked on [the chart] and this of course would be a much better buy price in around $52,000 - wouldn't it?

But we'd have to acknowledge at that stage that this would be a sort of consolidation within a range. With highs up here, which are maybe outside the standard deviation, lows which we would hope are outside of that standard deviation, ranging between these two moves overall.

Where am i looking for in the meantime and where have the Bitcoin price come from?

And this is important to acknowledge, right here, right now, that in this whole entire glut of liquidity area that we've been oscillating around at recently we have got, of course, the six one eight [0.618] golden pocket and then down below us to 50 [fib level] area: $55,000 - $56,000 - of course, being that cutoff point then for your longs.

Meaning that you [the BTC price] would be. if you did push down past that area. taking out the 0.236 on the Fibonacci - drawn in from the most recent lows up to the highs.

As you can see quite clearly there with that one that drew on the higher targets up the way.

If we do push past this six one eight [0.618] bitcoin could be looking at the seven-eight-six [0.786] etc.

$60,000 (round number): a natural place to be looking to still be a lower high - bitcoin won't be breaking any sort of downward market structure which is being formed currently.

But I would actually say that your target towards the top side if you are looking at continuation to the overall macro trend, takes us in as high as $76,000/$75,000 - really, you know, and I'm targeting $69,420 on that one.

I hope you liked what you saw in that section. I'm actually moving on to take a look at ripple right this second if you want you can of course um suggest... [end of the show, thanks, like and share - it would be amazing if you shared.]

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