Bitcoin - Buy the DIP! Ready for 80k.

Bitcoin is definitely ready to go higher, and it's a really good time to buy the dip after the previous crash! We can see that the price is making higher lows on the daily chart, which is a strong sign of an uptrend. The price is currently still inside this symmetrical triangle, so we are waiting for an explosive move, probably to the upside. The trend is your friend until the end, and the trend is still intact bullish. 17% profit if you buy at the current price is very possible in the next few weeks! With 20x leverage on futures, it's a 340% profit.

Where to take profit? I recommend the 0.382 Fibonacci extension from the start of wave (1) to the end of wave (3) and to the end of wave (4). But if you are not sure about that, you can still take profit at the top of the ascending parallel channel! But Fibonacci tools are a must-know when trading Bitcoin; they give you a massive advantage over other retail traders. Fibonacci techniques are popular among huge banks, hedge funds, and institutions.

Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

Comment:

Of course, you can wait for the triangle to set a direction, but your risk-to-reward ratio is much higher if you enter a trade right now.