Last Update: August 22, 2021
Global Target Profit : 50000.00 was achieved a few minutes ago when Bitcoin traded to a high of 50204.04
Action Plan: Wait for a pullback to support zone at 48611
Last Update: August 7, 2021
Bitcoin is the world’s most-traded cryptocurrency which represents a massive share of the cryptocurrency market. It was the first cryptocurrency that was introduced to the public and has therefore the most developed infrastructure. It is often considered to be a trendsetter in the cryptocurrency world. Bitcoin essentially created an alternative asset class and can be used in portfolio hedging strategies especially during the turbulent markets. (Source: Trading View)
Our Global Algorithmic Trading Software (GATS) #2 on August 7, 2021 indicates the following for Bitcoin
The Long Term Trend (LTT): N/A
The Medium Term Trend (MTT) : N/A
The Short Term Trend (STT) : N/A
The Micro Trend (MT) : Bullish
We are bullish on Bitcoin with potential trade entry signal as follows:
Global Entry Signal : 44480.07
Global Trailing Stop Distance: 42157.83
Global Target Profit : 50000.00
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