Bitcoin is winding across 40,000 (Medium Level ML4) The 43,000 as support creates the long trades and 36500 as resistance creates the short trades.
The video loooks at the BTC trading strategy for long trades on the tested support of 43,000 ( Minor Group 1 - TradingLevels)


As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost. 

More Ethereum News

Solana, Base and AI meme coins rally, are speculative tokens making a comeback?

Solana, Base and AI meme coins rally, are speculative tokens making a comeback?

Meme coins are typically considered more speculative than the rest of cryptocurrency categories. Despite the label, hedge funds and institutional investors have warmed up to meme coins this cycle.

More Meme Coins News

RWA narrative could make a comeback after nearly 50% correction in CFG, ONDO, MKR

RWA narrative could make a comeback after nearly 50% correction in CFG, ONDO, MKR

Bitcoin halving and developments in the AI sector are the key narratives this cycle. The Real World Asset (RWA) tokenization narrative gathered steam with BlackRock’s tokenized asset fund launch on Ethereum in March 2024. 

More Cryptocurrencies News

These cryptocurrencies could face selling pressure according to an analyst: STRK, ENA, OMNI, JUP, ONDO

These cryptocurrencies could face selling pressure according to an analyst: STRK, ENA, OMNI, JUP, ONDO

Thor Hartvigsen, investor at Heartcore Capital and a crypto analyst has identified a list of cryptocurrencies that are expected to see a massive increase in their supply. Typically, an increase in selling pressure negatively impacts an asset’s price. 

More Cryptocurrencies News

Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read full analysis

BTC

ETH

XRP