edutradinguru

BTC STILL BULLISH - MONTHLY CYCLE END

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello, this retracement is not worrying to me as we are approaching the monthly cycle end which is usually against the main trend.

Since last month was undoubtedly bullish , a retrace is perfectly normal.

This weekly candle is not nice from the visual point of view but the trend is absolutely still bullish .

True that we are below the previous ATH but if the weekly closes above 60k, it is still above the previous ATH weekly closes. All is good. No ALTS yet as far as I am concerned.

Are you a good trader but you lack the capital?
Or simply you don't want to risk your own capital?

Trade forex, oil, crypto, indices, and keep 70% of the profits you make, while losses are covered!
Check it out now → https://ftmo.com/en/?affiliates=2427