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basictradingtv
Mar 13, 2024 7:02 PM

Bitcoin - Triangle Breakout 

Bitcoin / U.S. dollarBitstamp

Description

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

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Explanation of my video analysis:

After the quite expected break and retest on Bitcoin in December of 2022, Bitcoin started the next bullrun with a move of +350%. Furthermore Bitcoin is about to break out of a long term ascending triangle formation which could lead to seven-figure price targets. But first I am waiting for a retest of the level mentioned in the analysis to then add to my long positions.

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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_Nathan
informative video, worth giving my time
basictradingtv
@MyCryptoParadise_Nathan, thanks Nathan ;)
MyCryptoParadise_Nathan
eddawwww
It’s like a breakout of a cup and handle. That Covid crash looks extremely bullish now
basictradingtv
@eddawwww, Yes, you are 100% right!
nofedo7922
Awesome 😎
basictradingtv
Smash that "👍Like👍" button if you are also looking at the triangle breakout on Bitcoin! Keep your long term vision.
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