Trading-Guru

Three Reasons to Buy Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In this technical analysis I will show you why this is a good moment to buy bitcoin . All the information can be found on the chart, but here is a small summary:

- Breakout through the resistance! A very bullish signal. We can expect this horizontal zone to turn into support later in case any downturn would happen. That's what makes this a relatively safe entry point.

- A 15% upwards potential. We see a big distance to the next horizontal zone while the stop loss directly underneath the support keeps us safe. This trade should give us a risk reward of about 2.5

- Overall bullish trend . Every trade should start with a positive bias since the likelihood of btc going up is just been so high recently given the massive uptrend.


Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.

- Trading Guru

--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

20% Binance discount: https://www.binance.com/en/register?ref=LKCUG1AT

➡️ Crypto scanner on Telegram (10k+ members):
https://t.me/CryptoScanner100eyes

➡️ Forex + GOLD scanner (1500+): https://t.me/ForexScanner100eyes

https://twitter.com/Trading__Guru

Comments

I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
+3 Reply
I have been waiting for your view gentleman 👑 thank you
+1 Reply
Trading-Guru TheSignalyst
@TheSignalyst, Still very bullish! Happy to see bitcoin is finally on the run again
Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
+1 Reply
Thanks Guru :)
Reply
liked it.. thank you guru ji..👍🙌🙏
Reply
How would you have charted this? Feel free to post a link to your own idea here as well
Reply
I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out