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basictradingtv
Feb 15, 2024 7:00 PM

Bitcoin - Buy The Rally 

Bitcoin / U.S. dollarBitstamp

Description

Hello Traders, welcome to today's analysis of Bitcoin.

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Explanation of my video analysis:

After Bitcoin created the previous cycle high in 2018 we saw a correction of more than -70%. This dip was the followed by a +2.000% rally and a perfect break and retest of the previous cycle high. If Bitcoin - after the recent rally - now retraces back to the important structure mentioned in the analysis, I am simply looking to add to my current long position.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.
Comments
MyCryptoParadise
Indicating a watchful eye on historical patterns for future investment decisions.
basictradingtv
@MyCryptoParadise, yes love it ;)
Setupsfx_
Great work mate
basictradingtv
@Setupsfx_, thanks a lot
linofx1
Totally agreed with you 👍
basictradingtv
@linofx1, appreciate it Lino!
Majid1059
thank you so much
basictradingtv
@Majid1059, thanks a lot majid!
basictradingtv
If you are also still bullish on Bitcoin, smash that "Like" button! Keep your long term vision.
DemoDiaryFX_Trading
agree with you, very smart and simple
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