Bitcoin - Please Just Listen To The Charts!

Mar 11

Bitcoin (BTCUSD) remains in a bullish market:



Click chart above to see the detailed analysis👆🏻

Despite literally everybody freaking out about cryptos lately, big brother Bitcoin is still creating bullish market structure. During every past cycle we witnessed a correction of at least -20% before we then saw a parabolic rally. So far, Bitcoin is just doing its normal "volatility thing".

Levels to watch: 70.000, $300.000

Keep your long term vision,
Philip (BasicTrading)

Mar 19

Trade active

Trading update on Bitcoin (BTCUSD):



Click chart above to see the detailed analysis👆🏻

Bitcoin clearly broke short term structure towards the downside over the past couple of days. However that's most of the time just some expected volatility and the higher timeframe is clearly showing us the way. Even a bullish break and retest is still totally possible.

Levels to watch: $70.000, $300.000

Keep your long term vision,
Philip (BasicTrading)

Mar 27

Trade closed: target reached

Trading update on Bitcoin (BTCUSD):



Click chart above to see the detailed analysis👆🏻

We have been seeing some strong volatility lately on Bitcoin but the overall trend still remains bullish. Quite likely that we will even see new all time highs over the next couple of months but a deeper retracement and retest of structure is still very possible as well.

Levels to watch: $70.000, $300.000

Keep your long term vision,
Philip (BasicTrading)