Tez8

BTC Long - Target: 165k Bull Run 2021

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
SUMMARY: Long, next target is the $51k at the 0.618 golden ratio

-- Technical --
Above all the EMAs and MAs, forming HHs and HLs . -bullish

Broken out of the descending wedge and re-tested the 0.238 Fib support - confirmed reversal and very bullish .

ABC correction carried out in April & May.


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*Not financial advice and is for educational purposes only. Always DYOR.
Comment: Note, BTC is highly correlated to S&P500. When the SXP has a correction, BTC follows:

Comment: Note well:
If you have Altcoin positions, Bitcoin Dominance is a very important metric to follow:

Comments

Strong resistance on the 0.5 Fib

Break the 48k then the next target is the 0.618 Golden Ratio
Reply