ARESABI

Bitcoin is heading towards $50.000

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them
followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar).
After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making new
All Time Highs (as we speak).
There is enough bullish momentum and not enough liquidity to stop anyone from pumping the price further.
The RSI and other common indicators fail to give us a hint about possible overbought territories.
So we have to trade with the trend.

Please use a tight stop loss if you long this. Respectively, we have a bad Risk/Reward (at least in my point of view).
Let me know what you think in the comments and feel free to appreciate this idea with a like!

cheers,
Ares
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Comments

Bitcoin just reversed it is going to go to 36,000 go read my idea this guy is an amateur
Reply
<3
Reply
It seems like you’ve been trading for a while, right? 👍🏼
Reply
dont you think it needs to pull back first, thanks for sharing
Reply
ARESABI abel11
@abel11, i'm urgently waiting for a pullback since $15.000 :D
We will definitely see a strong correction, but not yet
Reply
abel11 ARESABI
@ARESABI, nice analysis, thanks a lot
Reply
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