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After Raise in Bitcoin (BTC) prices above USD 94,000Tony Severino, an analyst verified by CMT, published a detailed technical analysis describing a clear strategy of navigating in another essential movement. When the monthly candles of Heicin Ashi flashes bears, the analyst shares the perfect time to buy bitcoins, warning investors about potential Traps on the market.
Upper Bollinger Band reveals time to buy Bitcoin
Severino has provided that in -depth examination Bitcoin marketIdentifying the exact conditions in which investors and traders, including herself, may consider re -entering based on key market and price shares. The analyst broke Bitcoin price chart It contains monthly candlesticks, Bollinger teams and historical comparisons.
The chart emphasizes that at the end of 2021, after reaching the previous ATH, Bitcoin touched Upper Bollinger Band But he didn’t close above him. At that time, this movement was seen as a classic lack of confirmation, which ultimately led to a keen reversal and brutal bears in 2022
Quick forward, Bitcoin rises above $ 94,000, and the upper Bollinger team lay down at $ 108,000. According to Severino, only achieving this upper level of the Bollinger band, as in 2021, is not a sufficient reason to buy bitcoins in anticipation of a price raise. Instead, the analyst claims that a full monthly closing above $ 108,000 is needed stubborn trend.
The analyst also revealed that he would consider buying Bitcoin when he closes enough above this level. However, if the flagship cryptocurrente Bears this cycle.
Generally, Severino advises investors to watch carefully Bitcoin price price Around this key band Bollinger. He emphasizes that capital behavior significantly exceeds succumbing Fear of missing (Fomo). The analyst believes that with increased risk and growing variability Confirmation signals They are the only way to safely involve the market.
Btc heikin ashi candle flips flips bearish
While Severino confirms The perfect time to buy BTCAnalyst also announced that Bitcoin Heikin Ashi candles have become bear. The analyst divided the 12-week Heikin Ashi Candlestickwhich shows bitcoins flashing early warning signs of a potential bear.
The chart emphasizes the critical moment when the Heikin Ashi Bitcoin candle has become red for the first time since the previous summit in 2014, 2018 and 2022, such a signal meant the beginning of the extended bear and bear markets and markets Deep price corrections.
Further strengthening Bear perspectivesSeverino pointed out that Fisher TransformThe technical indicator used to detect the inversion of trends, shows bear, and the green fisher line drops below the red drain line. In previous cycles, whenever these two signals – Heicin Ashi and Fisher Transfor – even, Bitcoin experienced significant drops that lasted months, if not flying.
A distinguished picture from Pixabay, chart from tradingview.com
