Bitcoin (
BTCUSD) can create a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
BTCUSD) can create a textbook break and retest:Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Bitcoin (BTCUSD):Click chart above to see the detailed analysis👆🏻
It really seems like Bitcoin is currently trying to fake out all the "weak hand" traders with a massive pump and dump behaviour over the past couple of days. Quite likely that we will soon see a nice move higher with big banks now being able to enter long positions.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Bitcoin (BTCUSD):Click chart above to see the detailed analysis👆🏻
I cannot stress this enough but Bitcoin is literally still creating bullish market structure on the higher timeframe. Obviously if you are looking at the daily moves, Bitcoin will freak you out but that's just the nature of trading which we have to avoid at all costs.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
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Free: SwingTrading-Academy👇
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.