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VasilyTrader
Nov 1, 2021 9:38 AM

BITCOIN (BTCUSD): Two Important Breakouts! ₿ Long

Bitcoin / United States DollarCoinbase

Description



Hey traders,

Very peculiar situation on BTCUSD chart:
since BTC set a new ATH, the market started a correction cycle.
Bitcoin was steadily falling within a bullish flag pattern.

This morning bulls managed to violate its resistance to the upside with a high momentum bullish candle.
Moreover, the entire weekend the price was stuck within one more tiny little bullish flag.
Its resistance was broken as well.

These two breakouts may lead to a bullish continuation now.

Next resistances:
63500
66600

❤️Please, support this idea with like and comment!❤️

Comment

Check my new analysis on GBPCAD:
Comments
ProSignalsFx
Same bias bro! well done!
VasilyTrader
@ProSignalsFx, thank you my friend!!!
watchtrend
@VasilyTrader, Good view - my expecting for bitcoin
MMBTtrader
only valid breakout with retest can pump price

else price is going to fall again
VasilyTrader
@MMBTtrader, thank you for comment buddy!
PolarHusk
Channel breakout. Good job.
ForexTrendline
Well done, excellent setup!
UnitedSignals
Nice chart, cheers!
VasilyTrader
@UnitedSignals, thank you so much bro
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