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Tez8
Aug 13, 2021 1:00 PM

BTC Long - Target: 165k Bull Run 2021 Long

Bitcoin / U.S. dollarBitstamp

Description

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
Tez8
Strong resistance on the 0.5 Fib

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