AlanSantana

Bitcoin | New High Hit! The Bulls Win!

Long
AlanSantana Updated   
BITSTAMP:BTCUSD   Bitcoin
I will not say it again... Patience is key.

Bitcoin went on a strong wave and hit $48190 to later print a very small correction.

This correction only lasted 4 very short days and this is something completely normal.

These assets, Crypto/Altcoins, do not move in a straight line instead they swing following a trend.

  • From July 20 to July 30, we saw very strong growth and then 4 days of retrace.

We had something similar this time around.

When Bitcoin is bullish, the best thing to do is sit back, HOLD big and LONG, relax and let it play-out because it always gives more than what most people thought.

Look at the strong wave from March 2020 until April 2021... It went higher and for longer than what most of us expected.


Bitcoin Daily Chart Analysis

We are bullish on Bitcoin (BTCUSD) with its price trading above EMA10/50/100, MA200, etc.

The MACD and RSI are also on the good/bullish side.

And right now... We just hit a new high.

Namaste.
Comment:
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Always remember this.

Namaste.

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