EXCAVO
Long

Bitcoin - Buy every bottom

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello dear traders
Probably everyone has already realized that Bitcoin is aiming the moon.
I am a person who trades on trend and recommend it to you too.
You can shout a lot that bitcoin will end and it will soon go to the bottom, but judging by the analysis of cycles, Bitcoin will reach the bottom maybe in 3-4 years. The bull market is just at the beginning.

And each drawdown as it was yesterday is an opportunity to buy bitcoin cheaper.
The capitalization of the market is growing, the volume of trading is growing, stablecoins is getting bigger.
Countries are increasingly talking about cryptocurrencies. In general, the industry is developing and everything is still in front. No one is going to die, but only those who say that you are going to the bottom. At the bottom you will stay.
Of course, I don’t want to be so optimistic to say that we are going for $ 1 million, but if you think about it, any good news about cryptocurrency strengthens the opinion in people’s mind that cryptocurrency is a reality that cannot be avoided and moreover cryptocurrency has to be adopted.

Technical analysis
We can see a clear up trend. And we are moving in this channel, below this channel I showed two trendlines coloured in blue. This is the maximum to which we can fall and after that we go up inevitable.
At the top we have a strong Fibonacci level of 38.2 at $9,500
If we break it (I have no doubt about it) we will reach the next psychological level of 10k which if we break it we will go to the next level 50% 11500

Best regards, EXCAVO
Trade active
Comment: Break out uptrend channel and touched trend line

Related Ideas

Looking for a possible rejection at your blue line now. Heading up fast!
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"Bitcoin will reach the bottom maybe in 3-4 years"

So you don' t believe in Bitcoin long term ?

To me the bottom in 5 years my be 100K coming down from 500k.
Reply
wen bottom?
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BNB made a bearish crossover after its bull run.

This automated strategy had a max result of +62.5% in 17 days.

Learn how to automate your strategy by checking this analysis:

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trend line broked I think this analysis invalide right now
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Tks for sharing, and this is my chart
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So far everything fits even more
+3 Reply
Tks for sharing,
This is my opinion
Reply
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