Selling was stopped at the $28-29 zone and most traders are out of the game now so BTC doesn't need to plummet back to the $20000 zone to reset the cash flow. We can start buying BTC around the $28000 zone and wait for a rally to the $34000 and $40000 zones. The $40000 zone is still a strong resistance and we need to observe more at this zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 28000$ zone
🔴Buy : 28000
🔴Sell : 34000 - 40000 - 48000
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 28000$ zone
🔵Sell : 28000
🔵Buy : 24000 - 20000
❓Details 📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Notify at Price
Buy at Market
Total PnL: 0.0%
Bitcoin (BTC) is a peer-to-peer cryptocurrency that aims to function as a means of exchange that is independent of any central authority. BTC can be transferred electronically in a secure, verifiable, and immutable way.
Launched in 2009, BTC is the first virtual currency to solve the double-spending issue by timestamping transactions before broadcasting them to all of the nodes in the Bitcoin network. The Bitcoin Protocol offered a solution to the Byzantine Generals' Problem with a blockchain network structure, a notion first created by Stuart Haber and W. Scott Stornetta in 1991.
Bitcoin’s whitepaperwas published pseudonymously in 2008 by an individual, or a group, with the pseudonym “Satoshi Nakamoto”, whose underlying identity has still not been verified.
The Bitcoin protocol uses an SHA-256d-based Proof-of-Work (PoW) algorithm to reach network consensus. Its network has a target block time of 10 minutes and a maximum supply of 21 million tokens, with a decaying token emission rate. To prevent fluctuation of the block time, the network's block difficulty is re-adjusted through an algorithm based on the past 2016 block times.
With a block size limit capped at 1 megabyte, the Bitcoin Protocol has supported both the Lightning Network, a second-layer infrastructure for payment channels, and Segregated Witness, a soft-fork to increase the number of transactions on a block, as solutions to network scalability.