BitcoinLong
BTCUSD - Trade idea
BTCUSD trade idea.
After tons of hype and FOMO that we saw during the BTC's ATH, BTC made a triangle pattern, afer which we saw a breakout (mid April), and a regression to the trend line (now).
We saw a bearish trend in the long term (January - April), and now we are, in my opinion, returning to a bullish market.
Nevertheless, we see how nicely bearish and bullish cycle align witht the sine line in the short term periods (1 month long each)
After the breakout (mid April), it's the first time we get both short term (sine line) and long term bullish markets.
In my opinion, BTC is a very good buy bellow 7800 USD, to open long term positions, or to be closed around beginning of July, only to be opened once more in August.
Good luck everyone.
After tons of hype and FOMO that we saw during the BTC's ATH, BTC made a triangle pattern, afer which we saw a breakout (mid April), and a regression to the trend line (now).
We saw a bearish trend in the long term (January - April), and now we are, in my opinion, returning to a bullish market.
Nevertheless, we see how nicely bearish and bullish cycle align witht the sine line in the short term periods (1 month long each)
After the breakout (mid April), it's the first time we get both short term (sine line) and long term bullish markets.
In my opinion, BTC is a very good buy bellow 7800 USD, to open long term positions, or to be closed around beginning of July, only to be opened once more in August.
Good luck everyone.
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