The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Today, Bitcoin tested the 55000 level, which was recently the target. Fixation above this mark occurs on the third day. Holding above this psychological level will pave the way for the next big target of $60,000. As of today, there is no increase in the activity of sellers, which speaks in favor of updating the monthly maximum in the near future.
Trading in the direction of the bullish momentum remains a priority, ergo, purchases from the zone of limit orders 55470-54265 are breakeven within the framework of the weekly movement. It will take two weeks or more to form a reversal pattern, which will allow you to exit purchases with minimal losses in the event of a sharp change in market direction.
The potential to work towards an already established trend is always higher. This makes it possible to speak about the update of the monthly maximum with 80% probability.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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