Daily Analysis of Bitcoin - Issue 229

13 Des 2024

A analyst predicts that the price of Bitcoin will decrease in the next 24 hours. This forecast is based on a quantitative analysis of recent price trends.

13 Des 2024

Catatan

The specified take-profit level does not imply a prediction that the price will reach that point!

In this framework of analysis and trading, setting a stop-loss within a specified time range is mandatory, while setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. In other words, the take-profit level simply represents the maximum price fluctuation within the specified time frame, not a prediction of the price reaching that point.