🚨Bitcoin (
BTCUSD) enters the next bearmarket:
🔎Analysis summary:
📝Levels to watch:
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
🔎Analysis summary:
Bitcoin always creates textbook cycles. And after every retest of the major resistance curve, Bitcoin started a major bearmarket. Since we already witnessed bearish confirmation, Bitcoin is heading for a new correction. Just let it play out.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
🚨Bitcoin ($NASDAQ:BTCUSD) can still drop more:🔎Analysis summary:
Over the course of the past couple of weeks, Bitcoin already dropped an expected -30%. However, it is totally expected that we see a short term consolidation now. The underlying trend still remains bearish though and Bitcoin will drop more in the near future.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
🚨Bitcoin (🔎Analysis summary:
The past couple of days have just been sideways on Bitcoin. But this short term movement is really just messing with your psychology. Looking at the higher timeframe, Bitcoin is still shifting bearish and the next clear support is sitting -30% lower from here.
📝Levels to watch:
$60,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
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Investing.Simplified.
#LONGTERMVISION
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SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Related publications
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.