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


There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute,Inc. or Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.