Bitcoin
Long
Updated

Bitcoin - The cycles are just perfect!

1 850
🎯Bitcoin (BTCUSD) perfectly follows all structure:
snapshot

🔎Analysis summary:
Just last month we witnessed another bullish break and retest on Bitcoin. And following the long term rising channel formation, Bitcoin is now retesting a confluence of support. The higher timeframe is clearly bullish and Bitcoin can start its next parabolic bullrun.

📝Levels to watch:
$70,000

Trusting the Trading Gods🙏🏻
Trade active
🎯Bitcoin (BTCUSD) is perfectly playing out:
snapshot

🔎Analysis summary:
Bitcoin is already up about +15% over the month of April. And looking at the higher timeframe, Bitcoin is just forming a pretty clear bearmarket bottom. While we might see some back and forth in the near future, we will also see new all time highs afterwards.

📝Levels to watch:
$70,000

🙏🏻Trusting the Trading Gods
Trade closed: target reached
🎯Bitcoin (BTCUSD) already rejected the support:
snapshot

🔎Analysis summary:
Bitcoin is perfectly following all higher timeframe structure. And while people are still talking about an underlying bearmarket, Bitcoin just rallied about +30%. The higher timeframe is pretty clear and now is the time to starting loading up heavily.

📝Levels to watch:
$70,000 and $100,000

🙏🏻Trusting the Trading Gods

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.