Bitcoin Analysis: $55,000 in the crosshairs + Free 7-Step Guide

Bitcoin analysis

Clueless retail traders were left with their mouths hanging open as $40,000 was BLASTED open with 1 monster daily candle. If you missed that delicious trade trigger, don’t worry, we’ve got another one for you, courtesy of the trading team, that’s pointing to $55,000 per Bitcoin

Not only that but they’ve put together a FREE 7-step guide detailing exactly how you can find the next 1000x Alt before the market truly goes wild.

There’s something big brewing and here’s the recap:

If that doesn't get your attention maybe these simple charts will

Note, BTC price at time of writing: $43,650

Exhibit A – BTCUSDT – Daily – Entire Market StructureBTC daily chart

Key points:

  • Volume Profile Visual Range (VPVR) offers us 3 clear support and resistance levels
  • BTC found a local ‘double bottom’ in the expected high volume regions at our market structure range lows circa $33,000-$37,000
  • Yearly open is now the last gatekeeper between here and $55,000
    Confluence of the golden pocket / 0.618 Fib on a return trip up

Exhibit B – BTCUSDT – H4 – invH&S or instant breakout. You choose.
BTC H4 hands

Key points:

  • Yearly open is under attack for a 2nd and 3rd time already
  • Possible inverse head and shoulders pathway with a measured move indicating, $55,000
  • Local downtrends broken twice, bears in disbelief

Trade plan - Observations

Simple charts are a good thing and we’ll hear nothing to the contrary. They give you straight forward triggers to lean into when the action starts getting wild. The media are whipping up a frenzy right now and it’s easy to get sucked into making rash plays.

Remember how we kept mentioning 40k as a pivot point? (See more about trade triggers here)

Here’s the takeaway:

  1. Reclaim the yearly open and we have a straight run towards $55,000
  2. Be ready to buy the potential ‘right shoulder’ dip if we make a minor pullback before our next climb
  3. If neither of these happen, go back to sitting on your hands, assuming you’ve been sidelined

Reminder: This is not financial advice, these are ideas we share with you all for educational reasons. Always do your own research.

Hungry for more? How about Altcoins and the monster moves they will make if we get this breakout!

Good news, the ProfitFarmers trade team have created a 7 step guide to finding the next 100-1000x altcoin before everyone else!

What if you could turn $1,000 into over $12,000,000? Or even just $100 into $1.2 million?

That’s exactly what happened to some XRP investors who got in at the exact right time. They realized the market was about to break out, and identified XRP as a prime candidate to 100, 1,000, or even 10,000x.

More recently, DOGE, LUNA, and MATIC made overnight millionaires with massive gains out of nowhere.

If BTC continues this uptrend, this could easily happen again. That’s where you can make your fortune.

Here’s how to do it…

First, look for coins that start dumping immediately after listing. Those are your best bets. Almost every breakthrough coin did exactly that before exploding.

After that, here are the main factors to pay attention to:

  • Volume
  • Momentum
  • Social buzz
  • Use case
  • Market themes

Find coins that start dumping immediately and wait for them to stabilize. Once they do, start checking these different factors. 

Nearly every single breakthrough coin follows the exact same process. Once you identify one, you’ve got an amazing chance to build generational wealth.

If you want to see the fully detailed steps then all you have to do is download your FREE 7 step guide now!

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This is the biggest money making opportunity of our lifetimes – don’t let it pass you by. With ProfitFarmers, it’s never been easier. You don’t need to be a pro – in fact, many of our members got started with little to no experience and learned from us for free.

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How to use ProfitFarmers Without a Account

The ‘how to use’ section below covers all aspects of using our platform, however, it is done so from the perspective of a account holder. As the Crypto market has evolved, is no longer available to everyone, as a result not all of our features are available to everyone.

We still recommend watching all of the videos in the academy but if you have trading using exchanges other than you will need to execute your trades using the advanced trading terminal or by visiting your chosen exchange directly.

Click the button below to learn more.

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